Swiggy Shares Drop 5% During Morning Trade

The stock later recouped some losses and was trading 2.46% lower at INR 364.45 per share at 10:40 AM

With a drop in its share price, Swiggy’s market capitalisation stood at INR 82,534 Cr with more than 62 Lakh shares traded hands by the time of writing

At the same time, its rival Zomato was trading 1% low at INR 231.50 apiece on the BSE

Shares of foodtech major Swiggy dropped over 5% to INR 354.00 during the intraday trading session on the BSE today (February 21). 

The stock later recouped some losses and was…