Swiggy Shares Slump 4.2% After Q1 Results

Swiggy’s net losses nearly doubled year on year (YoY) to INR 1,197 Cr, driven by aggressive quick commerce expansion, while its operating revenue surged 54% YoY to INR 4,961 Cr

Despite the weak results, two global brokerage firms, Jefferies and Morgan Stanley, remained optimistic about the company’s stock, citing strong growth indicators

The stock has delivered a negative return of 27% to investors on a year-to-date basis, in sharp contrast to the Sensex’s positive return of…