Swiggy Shares Plunge 17% To 52-Week Low After Q2, Brokerages Cut Price Targets

by · Inc42

SUMMARY

  • Swiggy shares fell as much as 17.23% to a 52-week low of ₹174.90 on the BSE after its Q2 FY27 results
  • Several brokerages cut their price targets, flagging Instamart’s widening losses and slower-than-expected growth despite improving food delivery profitability
  • Swiggy’s consolidated net loss widened 17% QoQ to ₹922 Cr, while Instamart’s adjusted EBITDA loss increased to ₹895 Cr