country
CA
Swiggy shares plunge 6% even as losses narrow. Should investors buy, sell or accumulate?
['Veer Sharma']
Economic Times
SynopsisSwiggy Share Price: Swiggy shares plunged as much as 6% after the food delivery and quick commerce company reported its June-quarter results.
While the consolidated net loss narrowed year-on-year, investors remained cautious over profitability and margin pressures.
Brokerages stayed largely positive on the stock, with most retaining their 'Buy' ratings, citing long-term growth potential despite near-term challenges.