Swiggy came under strong selling pressure in early trade, slipping nearly 7% to around ₹261.5 during the session, with more than 32 lakh shares changing hands. The stock remained near the day’s low throughout the morning trade, indicating sustained weakness and limited buying support.
Market participants appeared cautious on continued concerns around profitability, competitive intensity in the quick commerce segment, and elevated cash burn across the sector. Weak sentiment in broader new-age technology stocks also weighed on investor confidence.
The sharp intraday decline pushed Swiggy among the top laggards on the screen, with traders closely tracking whether the stock can hold key support zones in upcoming sessions.
