India, May 13 -- Shares of Swiggy slumped 7.33% to hit an all-time low of INR 297 apiece on the BSE today, following the expiry of the six-month lock-in period for non-promoter, pre-IPO investors.

The selling pressure came as pre-IPO investors and other non-promoter shareholders became eligible to offload their holdings in the open market.

A JM Financial report noted that Swiggy's stock is likely to remain under pressure in the near term, citing weak Q4 results and the expiry of the pre-IPO lock-in period on May 12.

With today's fresh 52-week low, the stock has now declined 51.86% from its 52-week high of INR 617, recorded on December 23 last year.

However, by 12:15 PM, the stock recovered part of its intraday losses and was trading 2...