Swiggy shares drop another 6%, investors lost Rs 40,250 crore this year

Swiggy's stock dropped 6%, reaching a 52-week low of Rs 359 following weaker-than-expected Q3 earnings, with net losses widening to Rs 799 crore despite a 31% revenue rise. Analysts have mixed views, with some expecting further losses, while others remain optimistic on medium-term potential. Price targets range from Rs 325 to Rs 510, reflecting significant upside potential.