Swiggy Ltd trades lower by ₹3.00 from previous close despite strong sectoral momentum; early tech stocks show mixed cues.
Mumbai, June 27, 2025 | 10:10 AM IST — Shares of Swiggy Ltd (NSE: SWIGGY) opened weak on Thursday, falling 0.74% to ₹402.25, down ₹3.00 from the previous close of ₹405.25. The dip came despite mild optimism across broader indices and some momentum in select digital stocks.
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Analysts attribute the early decline to profit booking after a steady upward run in recent weeks. While Swiggy has attracted significant interest post-listing due to its brand strength and expanding grocery delivery vertical, market participants are closely watching its Q1 earnings guidance and profitability trajectory.
Peer Snapshot (as of 10:10 AM):
- MobiKwik (MOBIKWIK): ₹263.65 | ▲ 0.46%
- Eternal Ltd (ETERNAL): ₹261.66 | ▲ 1.33%
- Delhivery (DELHIVERY): ₹385.30 | ▲ 0.13%
- Adani Power (ADANIPOWER): ₹596.75 | ▲ 3.22%
- Paytm (One 97 Communications Ltd): ₹912.45 | Unchanged
Market Insight:
Despite the marginal decline, Swiggy remains one of the top consumer tech stocks on investor watchlists. Volatility in early trades could stabilize once volumes settle and institutional flow kicks in by midday. The company’s performance in the high-margin Instamart and subscription segments remains a key growth indicator.
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