📰 ET Markets 🔴 BEARISH 🕒 23 Oct 2026, 09:33 AM IST

Swiggy shares tumble over 8% after Q2 results. Here’s why Jefferies, Nomura, Bernstein cut target price

⚡ Instant Key Takeaways (TL;DR)

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Core Development: Swiggy shares tumble over 8% after Q2 results. Here’s why Jefferies, Nomura, Bernstein cut target price

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Market & Financial Impact: Swiggy shares fell despite its Q2 net loss narrowing year-on-year to Rs 922 crore. Revenue rose 36% to Rs 7,571 crore, while adjusted EBITDA losses widened to Rs 760 crore and sequential losses increased. Instamart’s gross order value grew 31% year-on-year to Rs 9,230 crore.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Swiggy shares fell despite its Q2 net loss narrowing year-on-year to Rs 922 crore.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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Swiggy shares tumble over 8% after Q2 results. Here’s why Jefferies, Nomura, Bernstein cut target price

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