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via business-standard.comBusiness & Companies

Swiggy slumps 10% to new low as Q2 below expectations, analysts cut targets

FROM THE WIRE · BUSINESS-STANDARD.COM

Swiggy shares slumped below the ₹200 mark today as they hit a fresh low of ₹190.85 on the BSE, down 9.6 per cent against the last close of ₹211.30 apiece.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe drop after weak Q2 results and target cuts weighs on the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Swiggy shares fell below Rs 200, hitting a new low of Rs 190.85 on the BSE.
  2. 02The stock is down 9.6% from the previous close of Rs 211.30.
  3. 03Analysts cut targets after Q2 results fell below expectations.

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