Swigy shares came from 617 to 387 rupees
Swiggy Share Price: There is a big decline in the shares of Swiggy, a company that takes online order and delivery company. As soon as the market opened on Thursday, the company’s shares fell in touch and reached their new 52 weeks. On Thursday, Swiggi’s shares fell 7.40 per cent on BSE to Rs 387.00. By 9.52 am today, the company’s shares had recovered properly and they were trading at a price of Rs 402.80.
Swigy shares came from 617 to 387 rupees
The company’s shares, which closed at a price of Rs 418.10 on Wednesday, opened a huge fall today at a price of Rs 387.95. By the time the news was written, Swiggi shares had reached the Intrade high of Rs 387.00 to Intrade High of Rs 410.75. Let us tell you that 52 weeks of the company’s shares are Rs 617.00. This is a very bad time for the shares of Swiggi listed in the stock market in November last year. Let us tell you that the company had allotted shares at a price of Rs 390 under its IPO and its current price reached below the issue price today.
What is the reason behind the steep decline in company shares
Due to Swigy’s poor financial results, the company’s shares are seeing a huge decline today. Swiggy released the results of the third quarter of the financial year 2024-25 on Wednesday. The company’s loss increased to Rs 799 crore in the December quarter of the current financial year, which was Rs 574 crore in the same quarter of the previous financial year. However, during this period, the company’s operational revenue rose 31 percent to Rs 3993 crore, which was Rs 3049 crore in the same quarter last year.
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