India, Feb. 21 -- Shares of foodtech major Swiggy dropped over 5% to INR 354.00 during the intraday trading session on the BSE today (February 21).

The stock later recouped some losses and was trading 2.46% lower at INR 364.45 per share at 10:40 AM.

With a drop in its share price, Swiggy's market capitalisation stood at INR 82,534 Cr with more than 62 Lakh shares traded hands by the time of writing.

At the same time, its rival Zomato was trading nearly 1% low at INR 231.50 apiece on the BSE.

Swiggy announced its Q3 results two weeks ago and since then, the startup's share price has declined, even reaching a 52-week low.

However, the stock's price recovered briefly by jumping 7% on Wednesday (February 19), but it dropped again, closin...