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via economictimes.indiatimes.comMarkets

Swiggy investors lose patience as Instamart losses widen after Q2 results

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Swiggy shares plunged on Friday, wiping out around ₹9,000 crore in market value as widening Instamart losses overshadowed food delivery growth. Following Q2 results, brokerages cut their price targets, citing deteriorating quick-commerce profitability. Instamarts adjusted EBITDA…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishWidening quick-commerce losses and cut price targets are pressuring the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Swiggy shares plunged Friday, wiping out around 9,000 crore in market value.
  2. 02Instamart's adjusted EBITDA loss widened to 895 crore from 778 crore.
  3. 03Brokerages cut price targets citing deteriorating quick-commerce profitability.

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