Archive · 25 Aug 2026
Swiggy Shares Sink 38% From Their Listing-Day Peak
Swiggy’s shares started trading on the stock market in November 2024.
Its IPO price was Rs 390 per share.
On the first day, the shares rose as high as about Rs 465.
The shares later lost much of that value.
They ended Tuesday at Rs 287.15.
That was 26.37% below the IPO price.
The stock has moved up and down significantly since its debut.
Some brokerages still gave Swiggy high future price targets.
However, the company reported a net loss of Rs 791 crore for the quarter ended June 30.
Swiggy debuted in November 2024 after pricing its IPO at Rs 390 per share.
The stock opened at Rs 412 on the BSE and Rs 420 on the NSE on debut day.
It reached listing-day highs of Rs 465.30 on the BSE and Rs 465.80 on the NSE.
Swiggy shares ended Tuesday at Rs 287.15, down 26.37% from the IPO price.
The company reported a consolidated net loss of Rs 791 crore for the quarter ended June 30.
- Who
- Swiggy Ltd, a food delivery and quick commerce company.
- What
- Its shares fell about 38% from their listing-day peak and ended at Rs 287.15 on Tuesday.
- When
- Swiggy debuted in November 2024; the reported quarterly results covered the quarter ended June 30.
- Where
- The shares traded on the BSE and NSE.
- Why
- The article attributes the decline to persistent selling pressure, despite optimistic brokerage price targets; Swiggy also reported a consolidated net loss of Rs 791 crore.
Recent Market Weakness
Brokerage Optimism
Share-price outlook
Recent Market Weakness
Swiggy shares have faced persistent selling pressure and remain below both their IPO price and listing-day levels.
Brokerage Optimism
Macquarie assigned a price target of Rs 700 in 2024, while ICICI Securities set a target of Rs 740 in October 2025.
Company performance
Recent Market Weakness
Swiggy reported a consolidated net loss of Rs 791 crore for the quarter ended June 30.
Brokerage Optimism
Several brokerages remained optimistic about the stock, as reflected in their price targets.
- IPO price
- Rs 390 per share
- Market debut
- November 2024
- Listing-day highs
- Rs 465.30 on the BSE and Rs 465.80 on the NSE
- Tuesday closing price
- Rs 287.15
- Decline from IPO price
- 26.37%
- Decline from listing-day peak
- Nearly 38.28%
- Q1FY27 consolidated net loss
- Rs 791 crore
- Brokerage targets
- Macquarie: Rs 700; ICICI Securities: Rs 740