Swiggy's stock hits 52-week low after reporting higher losses in Q3 despite revenue growth.

Swiggy's stock fell 6%, hitting a 52-week low, after Q3 results showed higher losses despite revenue growth. The quick commerce sector faces challenges due to increased competition and costs, affecting Swiggy's stock. Analysts have mixed ratings, with some suggesting a potential 18-60% upside, while others maintain a "reduce" rating. ICICI Securities has a buy rating with a target price of Rs 740.

5 weeks ago
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