Swiggy Shares Rebound 5% After Q2 Results Sparked 17% Crash

Economic Times Markets · stocks

Swiggy shares surged nearly 5% on Monday, recovering from a significant 17% drop experienced after its Q2 results announcement. Despite the recent volatility and brokerages cutting target prices, analysts largely maintain a bullish outlook on the food delivery and quick commerce company. The company's net loss narrowed to Rs 922 crore in Q2 FY27, though losses in its quick commerce segment, Instamart, widened due to increased investments. Swiggy's core food delivery business, however, showed improved profitability with GOV increasing 17.7% year-on-year.