India, Feb. 6 -- Swiggy's shares plunged as much as 7.43% today, hitting a fresh 52-week low of INR 387.00 on the BSE today (February 6), following the company's report of a widened net loss of INR 799 Cr for the December quarter, up from INR 574 Cr a year ago.

The stock opened with a sharp 7.43% gap down but later pared some losses, trading 3.85% lower at INR 402 at 10:25 AM.

At this price, Swiggy's market capitalisation stood at INR 91,038.56 Cr, while trading volume remained low at just 2.33 Cr.

Following the Q3 results, brokerage firms offered mixed views on the stock. UBS retained its "buy" rating with a target price of INR 515, while Macquarie reiterated its "underperform" stance, setting a PT of INR 325.

Swiggy's consolidated n...