Swiggy Shares Plunge 17% To 52-Week Low After Q2, Brokerages Cut Price Targets

Foodtech major Swiggy’s shares plunged as much as 17.23% to a 52-week low of ₹174.90 on the BSE today, a day after its Q2 FY27 results showed widening losses at quick commerce arm Instamart. The stock pared some losses to trade at ₹181.50, down 14.10%, at 11:21 IST. Its market capitalisation stood at ₹50,099.69 Cr (about $5.2 Bn) at that time.