Swiggy544285Quick commerce, food
Swiggy stock hit the lower circuit of nearly 15% after disappointing Q2 earnings, with quick commerce scaling up far slower than Eternal's Blinkit and faltering on contribution margin
By ScoutQuest · · 1 min read
- Stock move today
- almost 15 percent lower circuit
- Stock move this week
- 24 percent decline
Heard on business television between 13:06:14 - 13:09:14 IST.
- Swiggy's quick commerce business saw a far slower scale-up than Eternal's Blinkit and also faltered on contribution margin.
- The food delivery business saw healthy growth but still lagged the market leader.
- The stock hit a lower circuit of almost 15% today and is down 24% for the week.
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Source: Live TV News Channel · 23 Oct 2026
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