India, Feb. 10 -- Swiggy shares crashed almost 6% to INR 359.00, hitting a fresh 52 week low on the BSE today (February 10), a few days after the company reported a 39.1% rise in its consolidated net loss in Q3 of FY25.

At the current price, the company's market capitalisation declined to INR 82,795 Cr with more than 1.5 Cr shares exchanging hands by 11:32 AM.

The foodtech giant's financial result for the December quarter also led to some brokerages slashing their targets. Brokerage firm Bernstein cut its target price for Swiggy to INR 575 from INR 635.

Swiggy entered the market on November 13, 2024, listing at INR 420 on the NSE, clocking a premium of nearly 8% over its IPO price of INR 390. On the BSE, it opened at INR 412, reflectin...