Swiggy Shares Fall 4.4% as Quick-Commerce Losses Widen
Swiggy shares fell 4.4% to 202 rupees after the company reported wider second-quarter losses in its quick-commerce business.
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03:57:35 AM UTC
SquawkNews
Shares of Swiggy NSE:SWIGGY fell to a record low on Friday after the Instamart operator posted wider losses in its quick-commerce business, keeping the focus on profitability in the competitive segment following rival Eternal's NSE:ETERNAL results this week.Swiggy's stock was down 6.20% at 198.30 r…
Shares of Swiggy NSE:SWIGGY fell on Friday after the Instamart operator reported wider losses in its quick-commerce business, keeping the focus on profitability in the competitive segment following rival Eternal's NSE:ETERNAL results earlier this week.Swiggy's stock was down 4.4% at 202 rupees in e…