Shares of Swiggy came under sharp selling pressure on Thursday, sliding as much as 8% in intraday trade, after several brokerages turned cautious on the company’s quick commerce business, Instamart. The dip erased a significant portion of Swiggy’s recent market gains and signalled growing investor unease over the sustainability of rapid expansion in India’s intensely competitive quick commerce space.
The stock reaction followed a series of brokerage notes that raised red flags around Instamart’s mounting losses, high cash burn, and the longer-than-expected timeline to profitability. While analysts broadly acknowledged Instamart’s strong growth and improving market presence, many warned that
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