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via inc42.comBusiness & Companies

Swiggy shares plunge 17% to 52-week low after Q2 results

FROM THE WIRE · INC42.COM

Several brokerages lowered their price targets following the results, citing higher-than-expected quick commerce losses and concerns over Instamart’s growth and execution

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock hit a 52-week low as several brokerages cut targets on quick commerce losses and Instamart concerns.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Swiggy shares fell 17% to a 52-week low after Q2 results.
  2. 02Several brokerages lowered their price targets.
  3. 03Quick commerce losses were higher than expected, with concerns over Instamart's growth and execution.

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