Swiggy Shares Rise 5% After Q2 Results Crash; Brokerages Stay Bullish
Swiggy shares rose nearly 5% after a sharp 17% drop triggered by its Q2FY27 results. The company showed improved food delivery profitability, but losses in Instamart widened. Despite target price cuts by Jefferies and Nomura, brokerages maintained bullish ratings on the stock, reflecting confidence in its long-term prospects.
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