The development comes a week after Hari Kumar, who was the then CBO, resigned from the company
Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.
Aggressive expansion by Amazon and Flipkart, coupled with Zepto's IPO plans, is intensifying competition in India's fast-growing quick-commerce market and putting pressure on established players
Stocks to watch today: Bharti Airtel, Adani Power, Vedanta, Rajesh Exports, HCLTech, IRFC, Swiggy, Bandhan Bank, Torrent Power, Hindustan Copper, Tata Steel, and others will be in focus today.
Majety is pledging restraint even as India hosts one of the world's most closely watched consumer-tech battles
The brokerage has, however, reaffirmed its 'Buy' rating on Eternal with a target price of ₹400 per share, and on Swiggy with a target price of ₹360 per share
Swiggy's move to qualify as an Indian Owned and Controlled Company shows how new-age internet firms are revamping boards and ownership as quick commerce and ecommerce rules tighten under Fema rules
While the bulk of foreign selling is likely over after the outflows over the recent months, Goldman Sachs does not see foreign investors returning to Indian shores in a hurry, even if oil prices dip.
In the March quarter (Q4FY26), Swiggy reported that its net loss narrowed to ₹800 crore, lower than the net loss of ₹1,081 crore Y-o-Y
Stocks to watch today: Swiggy, NTPC, BoB, PVR Inox, SCI, Abbott India, Anant Raj, Canara Bank, IHCL, JSW Energy, UPL, Tata Consumer Products, among others, will remain in focus today.
The company reported a loss of ₹1,065 crore in the previous quarter
Brokerages tracked by Business Standard estimate Swiggy's net loss at an average of ₹857.56 crore year-on-year (Y-o-Y) from a loss of ₹971.66 crore
The share price of Swiggy is quoting lower for a fifth straight trading day, falling 7.5 per cent during the period
Court extends interim relief to Swiggy in antitrust probe, flags concerns over reliance on untested third-party statements in CCI investigation
Swiggy share price today: Swiggy shares fell over 4 per cent in trade after co-founder Lakshmi Nandan Reddy Obul stepped down from the company's board.
Q4 results today: Shares of ICICI AMC, Swaraj Engines, Just Dial Ltd, among others, will be in focus ahead of their quarterly earnings announcement today.
Swiggy sees leadership changes as co-founder Nandan Reddy exits board, new directors join and company amends nomination rights of key investors
Swiggy's head of investor relations Abhishek Agarwal has stepped down, with chief financial officer Rahul Bothra set to oversee the function amid recent fundraising activity
Collaboration enables multilingual voice-based ordering and reservations, aiming to expand access to digital commerce across India's diverse language landscape
Today's buying was buoyed after Swiggy hiked the platform fee it charges users to ₹17.58 per order, inclusive of GST. Swiggy had previously hiked its platform fee in September 2025