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1 month, 2 weeks ago
Swiggy share price falls over 4% ahead of Q3 results today; Should you buy or sell?
Live MintSwiggy share price declined over 4% on Wednesday ahead of the announcement of its Q3 results today. Swiggy shares were listed on the Indian stock exchanges in November 2024 and this will be the first earnings release after the food delivery giant's stock market debut. Brokerage firm Motilal Oswal estimates Swiggy’s GOV for food delivery and quick commerce businesses to achieve 20% and 100% YoY growth, respectively, with take rates of 22% and 14%, driving an overall revenue growth of 8.0% QoQ in Q3FY25. On the technical front, Anshul Jain, Head of Research at Lakshmishree Investment and Securities reiterated caution on Swiggy shares ahead of Q3 results today.
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