Swiggy Shares Hit All-Time Low

In the first trading session of this week, the company’s market capitalisation fell to INR 73,450 Cr with around 42 Lakh shares traded by 10:46 AM

Meanwhile, Swiggy’s competitor, Zomato was 3% lower at INR 215.25 during the morning session

The drop in both companies’ stock price coincided with a broader market downturn, as Nifty was down 0.26% at 22,068.15, and the Sensex was down 0.29% at 72,984.58 at 10:53 AM

Shares of foodtech major Swiggy dropped over 5%, hitting an all-time low of INR 317.15 during the…