Swigzy shares crash 12% to record low on weak outlook
Swiggy shares crash 12% to record low on weak outlook. The stock hit a new low after its Q4 earnings revealed widening losses and slower revenue growth. Management guided caution for future profitability, spooking investors. ₹2,200 crore net loss reported, with food delivery growth stalling at 4% YoY.
📊 STOCKS: $SWIGGY | 🏢 SECTOR: FoodTech | #HIGHIMPACT #Earnings
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