Swiggy shares drop 4%, market value down Rs 5,000 crore in 2 days. Here’s why
Swiggy shares fell sharply on Wednesday, extending their two-session decline to 6% and erasing nearly Rs 5,000 crore in market value. The stock faces potential foreign outflows after entering the NSDL red-flag list and possible exclusion from MSCI and FTSE indices. Jefferies, however, retains a Buy rating with a Rs 435 target.
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
