🔴 Swiggy is trading 4.21% down today with Q2 Instamart losses a key concern

Swiggy is trading at INR 177.45, down 4.21%, amid investor concern following Q2 results; no verified fresh company announcement directly explaining the October 30 move surfaced.

• Instamart’s adjusted EBITDA loss widened to ₹895 crore.
• Brokerages cut price targets, citing quick-commerce profitability concerns.
• Available coverage linked the earlier sell-off to the results but did not explicitly attribute the October 30 decline to a new catalyst.