India, Jan. 30 -- Shares of foodtech major Swiggy nosedived 6.07% to INR 402.30 during the intraday trading session on the BSE today (January 30).

However, the stock was trading at INR 405 apiece, down 5.44% from its previous close at INR 428.30 at 2:30 PM.

With a dip in its share price, the foodtech's market capitalisation stood at INR 90,780 Cr with more than 80 Lakh shares traded hands by that time.

The decline in Swiggy's share price comes a day after its company secretary and compliance officer M. Sridhar stepped down from his position.

(The story will be updated soon)

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