Swiggy Shares Extend Losses For Second Day, Drop 4% To INR 423.20

Swiggy's shares have also extended losses for the second consecutive day, falling 4% to INR 423.20. This drop reflects concerns about the company’s ability to manage costs and maintain growth in an increasingly competitive food delivery market. Swiggy is facing challenges similar to those of other food delivery services, including rising operational expenses and market saturation. The loss in share value signals investor concerns over the company's future financial performance.