India, Feb. 14 -- Shares of Swiggy nosedived more than 8% in morning trading to hit the day's low at INR 335.40 apiece on the BSE on Friday (February 14).

With this, the stock has declined over 12% since the foodtech major reported weaker-than-expected earnings in the December quarter of the current fiscal year.

At 10:51 AM, the stock was trading at INR 336.90 on the BSE, down 7.80% from the previous close and 45% lower than its 52-week high.

The stock has ended in the red in 7 of the last 11 trading sessions.

On February 5, Swiggy reported a 39.1% increase in its consolidated net loss to INR 799 Cr in the third quarter of the ongoing financial year (Q3 FY25) from INR 574.4 Cr in the year-ago quarter.

However, operating revenue zoome...