New Delhi, Jan. 28 -- Shares of food delivery aggregator Swiggy fell another 5 percent on Tuesday, January 28 to its 52-week low, extending their sell-off for the third straight session. The stock had declined another 8.7 percent on Monday and 2.5 percent last Friday as well.

With Tuesday's drop, the stock fell below its IPO price of Rs.390, making an intraday low of Rs.389.25. The stock already lost 37 percent from its record high of Rs.617, hit in December 2024.

The stock has declined in 13 out of the 20 trading sessions of January. So far in January, the stock has shed over 26 percent after a 15 percent rise in December.

Swiggy's stock has been under pressure since competitor Zomato announced its December quarter results, revealing ...