Swiggy shares have plunged: Is there still room for further decline?

Swiggy is in a peculiar spot. While the food delivery business posted record adjusted EBITDA, Instamart saw its adjusted operating (EBITDA) loss widen to ₹895 crore from ₹849 crore a year earlier.

Kolkata: Swiggy’s stock recently fell a massive 17 percent and hitting a record low of ₹174.95. However, it subsequently recovered 5.5 percent the following day. This volatility has led investors to question the stock’s direction, especially given that its current price is more than 50 percent below its October 2025 high of ₹434. On Tuesday (Oct 27), Swiggy closed the trading session at ₹188.95, up 1.72% or ₹ 3.20.

Some experts think there can be a rally in the stock. Is Swiggy’s decline a buying opportunity or a........

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