Swiggy Hits Fresh 52 Week Low At INR 359 After Q3 Loss Widens 39%

Swiggy shares crashed almost 6% to INR 359.00, hitting a fresh 52 week low on the BSE today (February 10), a few days after the company reported a 39.1% rise in its consolidated net loss in Q3 of FY25. 

At the current price, the company’s market capitalisation declined to INR 82,795 Cr with more than 1.5 Cr shares exchanging hands by 11:32 AM. 

The foodtech giant’s financial result for the December quarter also led to some brokerages slashing their targets. Brokerage firm Bernstein cut its target price for Swiggy to INR 575 from INR…