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SUMMARY
Shares of foodtech major Swiggy nosedived nearly 11% to hit an 8-week low of INR 427.20 apiece on the BSE
The decline in Swiggy’s share price came a day after its rival Zomato posted weak Q3 FY25 results, raising concerns among investors
Following the weak set of numbers, brokerages such as Nomura and Jefferies cut their target price for Zomato. The negative sentiment appears to have spilled over to Swiggy
Shares of foodtech major Swiggy
nosedived nearly 11% to hit an 8-week low of INR 427.20 apiece on the BSE…
