Swiggy shares drop 4%, market value down Rs 5,000 crore in 2 days. Here’s why
Swiggy shares fell sharply on Wednesday, extending their two-session decline to 6% and erasing nearly Rs 5,000 crore in market value.
The stock faces potential foreign outflows after entering the NSDL red-flag list and possible exclusion from MSCI and FTSE indices.
Jefferies, however, retains a Buy rating with a Rs 435 target.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
