Swiggy jumps 5% after 17% crash on Q2 results
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Swiggy shares rebounded nearly 5% after plunging 17% following its Q2FY27 results. While food delivery profitability improved, widening Instamart losses prompted Jefferies and Nomura to cut target prices, even as brokerages retained bullish ratings.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishListed company with sharp post-results volatility and target price revisions from brokers.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Swiggy rebounded nearly 5% after plunging 17% following its Q2FY27 results.
- 02Food delivery profitability improved, but Instamart losses widened.
- 03Jefferies and Nomura cut target prices while keeping bullish ratings.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets