Swiggy’s share price touched a 52-week low on Friday, before recovering slightly to close at Rs 305.4, down by Rs 11, or 3.48 per cent, on the National Stock Exchange (NSE).
The stock has seen some pressure in recent weeks, with a three-day decline of 5.4 per cent, reflecting investor caution.
The company’s stock has been under pressure for several months and is showing no signs of recovery. In the last five days alone, Swiggy’s shares have fallen by Rs 17.85, or 5.52 per cent.
The trend has been even more concerning over a longer period. In the past month, the share price dropped by Rs 39.20, or 11.38 per cent.
Over the last six months, the fall has been deeper, with shares plunging by Rs 150.6, which is a 33.03 per cent drop.