Swiggy shares tumble 5% to drop below IPO price

Swiggy's stock extended its losing streak, falling 5% on Tuesday after dropping 2.7% on Friday and 8.6% on Monday. Over six sessions, the stock has declined in five, losing 18.75% cumulatively. This marks a significant downturn for the food delivery aggregator, raising concerns about its near-term performance after three consecutive sessions of steep losses.