Swiggy Shares Plummet 22% in Five Days Amid Widening Losses
Swiggy's shares have fallen 22% over five trading sessions. The company reported a Q3 net loss of ₹800 crore, wider than the previous year. Revenue grew 31% to ₹3,993 crore. Food delivery business revenue increased 23.5%, while Instamart's revenue doubled but with wider losses. The stock is trading below its IPO price of ₹390.
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