Swiggy shares crash 14%, hit 52-week low after Q2 results. Here’s why Jefferies, Nomura, Bernstein cut target price

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 23 Oct, 04:03 UTC

Swiggy experienced a notable decline in share prices after announcing a Rs 922 crore loss for the quarter. Revenue from operations rose 36% year-on-year to Rs 7,571 crore, indicating some growth potential. However, the company's adjusted EBITDA loss widened, raising concerns among investors…

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• T1Swiggy shares crash 14%, hit 52-week low after Q2 results. Here’s why Jefferies, Nomura, Bernstein cut target priceEconomic Times — Tech / Technology / Startups / ETTelecom23 Oct, 04:03