Swiggy shares drop on slowing quick commerce growth
Swiggy shares fell 6.8% on Monday as slowing quick-commerce growth overshadowed a narrower quarterly loss. Analysts cited market share losses to rival Blinkit.
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SWIGGY LTD shares fell 6.8% on Monday morning as a slowdown in its quick-commerce division offset a reduced quarterly loss. The drop represents the stock's sharpest intraday decline in India since April 2. Investors are pivoting focus toward market-share erosion in the high-frequency delivery sector despite improvements in core food delivery margins.
