{"id":4067,"date":"2025-02-11T13:29:15","date_gmt":"2025-02-11T13:29:15","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=4067"},"modified":"2025-05-13T18:29:10","modified_gmt":"2025-05-13T12:59:10","slug":"swiggy-and-zomato-shares-decline-sharply-after-weak-q3-results","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/swiggy-and-zomato-shares-decline-sharply-after-weak-q3-results\/","title":{"rendered":"Swiggy and Zomato Shares Decline Sharply After Weak Q3 Results"},"content":{"rendered":"<p data-start=\"68\" data-end=\"86\">Highlights:<\/p>\n<ul data-start=\"87\" data-end=\"455\">\n<li data-start=\"87\" data-end=\"287\">Swiggy Shares Plunge: Swiggy shares saw a sharp decline of over 6%, trading at Rs 340.4 per share on February 11, continuing a losing streak that now spans five consecutive sessions.<\/li>\n<li data-start=\"288\" data-end=\"455\">Zomato Shares Down by 5%: Zomato shares fell nearly 5%, trading at Rs 216.40 per share, reflecting ongoing pressure from its weak Q3 performance.<\/li>\n<\/ul>\n<h2 data-start=\"457\" data-end=\"484\">Swiggy&#8217;s Struggles:<\/h2>\n<ul data-start=\"485\" data-end=\"1174\">\n<li data-start=\"485\" data-end=\"675\">Q3 Losses: Swiggy reported a net loss of Rs 799 crore for the quarter ending December 31, 2024, widening from the Rs 574 crore loss during the same period in the previous year.<\/li>\n<li data-start=\"676\" data-end=\"963\">Stock Performance: Since the Q3 results were announced on February 5, the stock has fallen nearly 26%. This decline has pushed Swiggy&#8217;s shares below its listing price of Rs 420 per share on the NSE (a 7.69% premium), marking a 19% fall from its debut price.<\/li>\n<li data-start=\"964\" data-end=\"1174\">Analyst Ratings: Motilal Oswal has maintained a &#8216;Neutral&#8217; rating on Swiggy, reducing its target price from Rs 520 to Rs 460, implying a 35% upside potential from the current price.<\/li>\n<\/ul>\n<h2 data-start=\"1176\" data-end=\"1201\">Zomato&#8217;s Decline:<\/h2>\n<ul data-start=\"1202\" data-end=\"1856\">\n<li data-start=\"1202\" data-end=\"1372\">Q3 Net Profit Drop: Zomato posted a 57% year-on-year decline in net profit for Q3, falling to Rs 59 crore, which negatively impacted investor sentiment.<\/li>\n<li data-start=\"1373\" data-end=\"1495\">Stock Fall: After hitting an all-time high of Rs 304 in December, Zomato&#8217;s stock has now dropped nearly 29%.<\/li>\n<li data-start=\"1496\" data-end=\"1713\">Jefferies Downgrade: Jefferies downgraded Zomato to a &#8216;hold&#8217; rating, citing concerns over rising competition in the quick commerce space and the significant stock price increase through 2024.<\/li>\n<li data-start=\"1714\" data-end=\"1856\">Block Deals Impact: The stock also faced pressure from large block deals on exchanges, further accelerating its fall on February 11.<\/li>\n<\/ul>\n<h3 data-start=\"1858\" data-end=\"1888\">Broader Market Impact:<\/h3>\n<ul data-start=\"1889\" data-end=\"2129\">\n<li data-start=\"1889\" data-end=\"2129\">Both Swiggy and Zomato&#8217;s declines come amid a broader market downturn. As of 1:30 PM, the Sensex was down 1,102.78 points (1.43%) at 76,209.02, and the Nifty had fallen by 340.5 points (1.46%) to 23,041.10.<\/li>\n<\/ul>\n<p data-start=\"2131\" data-end=\"2334\" data-is-last-node=\"\">The continued loss of value for Swiggy and Zomato reflects investor concerns about their profitability and competitive positioning in the food delivery and quick commerce markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Highlights: Swiggy Shares Plunge: Swiggy shares saw a sharp decline of over 6%, trading at Rs 340.4 per share on February 11, continuing a losing streak that now spans five consecutive sessions. Zomato Shares Down by 5%: Zomato shares fell nearly 5%, trading at Rs 216.40 per share, reflecting ongoing pressure from its weak Q3 [&hellip;]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[41],"class_list":{"0":"post-4067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":41,"user_id":1,"is_guest":0,"slug":"niftynews","display_name":"NiftyTrader","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/01\/Logo-1.png"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=4067"}],"version-history":[{"count":3,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4067\/revisions"}],"predecessor-version":[{"id":8632,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/4067\/revisions\/8632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/4071"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=4067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=4067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=4067"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=4067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}