Swiggy Shares Rebound After Eight-Day Losing Streak Despite Market Sell-Off

Shares of food delivery and quick commerce platform Swiggy rebounded on Wednesday, March 4, defying the broader market sell-off. The stock opened the session at ₹280, marking a fresh all-time low, but buying interest emerged during the day, pushing it to an intraday high of ₹300.20, around 4% higher than the previous close. The recovery came after the stock had declined for eight consecutive trading sessions.

The company’s shares have faced sustained pressure in recent months, particularly after Swiggy reported a wider net loss in the December quarter. Domestic brokerage Motilal Oswal Financial Services noted that near-term growth in the quick commerce segment, especially Instamart, could moderate amid intense competition. However, the brokerage highlighted improving unit economics driven by higher average order values (AOVs), better store utilisation, and controlled reinvestment, reiterating a ‘Buy’ rating while lowering the target price to ₹440 per share.

Another brokerage, Nuvama Institutional Equities, also trimmed its growth estimates for Swiggy’s quick commerce segment, citing the company’s focus on higher-quality user acquisition and larger order values. The firm maintained its ‘Buy’ recommendation but reduced its target price to ₹490 from ₹510 earlier. Swiggy reported a consolidated net loss of ₹1,065 crore in the December 2025 quarter, wider than the ₹799 crore loss a year earlier, while revenue from operations jumped 54% year-on-year to ₹6,148 crore. Despite the rebound, the stock remains 52% below its record high of ₹617.30 reached in December 2024 and trades below both its IPO price of ₹390 and listing price of ₹456.

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