Swiggy Shares Fall About 12% to Record Low on Profitability Concerns

Swiggy shares fell about 12% to 13% on Friday to a record low. Analysts attributed the drop to widening losses at Instamart and intensifying competition, which heightened investor concerns about profitability.

AI-written summary of 2 sources; every verified point is backed by a verbatim quote. How Iyan works

• Motilal Oswal's discounted cash flow analysis estimates that Instamart's current value is negative.

  «Instamart currently carries negative value, reflecting weaker-than-expected growth»

  CNBCTV18
• This negative valuation is due to slower-than-expected growth and a longer path to profitability.

  «reflecting weaker-than-expected growth, and an extended path towards the company's profitability»

  CNBCTV18
• Investors described the service's growing losses as a source of concern about profitability.

  «Widening Instamart losses and intense competition sharpened investor concerns over profitability»

  India Today

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