Swiggy Shares Drop 3.5%: Stock Down 33% From 52-Week High: Should You Buy/Sell/Hold?

Food delivery giant Swiggy shares fell nearly 3.5% intraday on Friday, August 29, slipping to Rs. 406.15 after opening with marginal gains. The stock has been highly volatile in recent trading sessions, even as the benchmark indices are moving in a largely range-bound manner.

Swiggy Shares Today

As of 01:30 PM, Swiggy was trading at Rs. 408.75, down 2.91% or 12.25 for the day. The weakness in stock follows a sustained decline, with the stock losing 3.31% in the past five sessions. On a year-to-date basis, Swiggy has slipped 24.63%, despite delivering a 22.14% gain over the last six months.

Currently, Swiggy trades at a 33.81% discount to its 52-week high, even as the company continues to post strong topline growth.

Brokerage View on Swiggy Share Price Target

Brokerages have turned cautious on Swiggy. HDFC Securities Institutional Research downgraded the stock from a Buy to an Add rating, with a sum-of-the-parts (SOTP) based target price of Rs. 400 per share. The brokerage noted:

"On the Q1 print, overall B2C GOV grew 45.2% YoY (14.8% QoQ) to reach Rs. 147.9 billion (in-line). Food delivery GOV grew 18.8% YoY to Rs. 80.9 billion, driven by MTU addition. However, elevated losses remain a concern."

Swiggy Q1 Results

On July 31, 2025, Swiggy announced its Q1 FY26 results, reporting a 12.5% rise in revenue to Rs. 4,961 crore. This was higher than the Rs. 4,410 crore posted in the previous quarter.

However, the company's net loss widened to Rs. 1,197 crore, up from Rs. 1,081 crore, and far steeper than the expected Rs. 931.85 crore. On the operating front, Swiggy reported an EBITDA loss of Rs. 954 crore, slightly lower than Rs. 962 crore in Q4 FY25, but still worse than street expectations of Rs. 804.39 crore. The company has guided for high single-digit growth in FY26, amid mounting losses and competitive intensity in the food delivery space.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as "we"). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.