Swiggy shares drop 4%, market value down Rs 5,000 crore in 2 days. Here’s why
- Posted on September 2, 2026
- By Business News Today
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- 1 min read
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Swiggy shares drop 4%, market value down Rs 5,000 crore in 2 days. Here’s why
Swiggy shares fell sharply on Wednesday, extending their two-session decline to 6% and erasing nearly Rs 5,000 crore in market value. The stock faces potential foreign outflows after entering the NSDL red-flag list and possible exclusion from MSCI and FTSE indices. Jefferies, however, retains a Buy rating with a Rs 435 target.
