Swiggy falls 16% to new low, Qcomm losses spook street
Hindustan Times
Shares of Swiggy fell by 16.4% to ₹176.70, marking a record low for the company. This decline raises concerns over cash burn and achieving profitability in its quick-commerce business. Analysts are questioning Swiggy's strategic choices and execution…
Summary from Economic Times
Follow
How 2 outlets are covering it
-
Economic TimesSwiggy falls 16% to new low, Qcomm losses spook street
Shares of Swiggy fell by 16.4% to ₹176.70, marking a record low for the company. This decline raises concerns over cash burn and achieving profitability in its quick-commerce business. Analysts are…
Read on Economic Times -
Hindustan TimesSwiggy shares hit record low as wider Instamart losses fuel profitability concerns
Swiggy's stock was down 6.20% at 198.30 rupees in early trade, set for its worst day on record, if the current momentum persists.
Read on Hindustan Times
