{"id":326692,"date":"2026-10-26T13:20:05","date_gmt":"2026-10-26T07:50:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=326692"},"modified":"2026-10-26T13:20:05","modified_gmt":"2026-10-26T07:50:05","slug":"swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/","title":{"rendered":"Swiggy Shares Rise Over 6% After 4-Session Fall: Is This a Relief Rally or Is the Worst Over? Experts Decode, Check Target and Stop Loss"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Swiggy shares rallied as much as 8.84% to Rs 191.55 on NSE on Monday, 26 Oct 2026, after a 4-session fall that took the stock down about 24.9% from Rs 234.30. The stock traded near Rs 190.80 around 1:11 PM, up 8.41% from Friday&#8217;s close of Rs 176. Brokerage targets run from Rs 230 to Rs 400, and the 14-day RSI sits near 27.7.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Swiggy shares rebounded because the stock had fallen about 24.9% in four sessions after the Q2 FY27 results, and a 14-day RSI near 27.7 showed it was deeply oversold. The rebound is stock-specific, since the Nifty 50 was up only 0.10% around 1:14 PM while Swiggy rose 8.41%. Brokerages kept most Buy ratings, and the nine targets I could verify run from Rs 230 to Rs 400 with a median of Rs 300 (my calculation), but the daily trend is still down and Instamart losses keep the earnings outlook uncertain. This is educational and not a recommendation to buy or sell.<\/p>\n<\/p><\/div>\n<p>The Swiggy share price rose over 6% in early trade on Monday and was up about 8.4% by 1:11 PM, as buyers returned after a four-session slide that followed the Q2 results. The question for every Swiggy share holder is whether this is a relief rally inside a downtrend or the start of a base, and the answer depends on Instamart losses, brokerage targets and the price levels below.<\/p>\n<p>This article covers the day&#8217;s move in the Swiggy share, the four-session fall, the Q2 FY27 numbers, every brokerage call I could verify, valuation, shareholding, technical levels and the risks. I could not retrieve the expert target and stop loss quoted in the source headline, so the levels here come from indicator readings and brokerage reports. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Swiggy_Share_Price_Today_A_Sharp_Rebound_After_a_4-Session_Fall\" title=\"Swiggy Share Price Today: A Sharp Rebound After a 4-Session Fall\">Swiggy Share Price Today: A Sharp Rebound After a 4-Session Fall<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Why_the_Swiggy_Share_Fell_Q2_FY27_Results\" title=\"Why the Swiggy Share Fell: Q2 FY27 Results\">Why the Swiggy Share Fell: Q2 FY27 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Instamart_Food_Delivery_and_Quick_Commerce_What_Drives_the_Swiggy_Share\" title=\"Instamart, Food Delivery and Quick Commerce: What Drives the Swiggy Share\">Instamart, Food Delivery and Quick Commerce: What Drives the Swiggy Share<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Swiggy_Share_Price_Target_What_Brokerages_Say_After_Q2\" title=\"Swiggy Share Price Target: What Brokerages Say After Q2\">Swiggy Share Price Target: What Brokerages Say After Q2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Valuation_and_Shareholding_of_Swiggy\" title=\"Valuation and Shareholding of Swiggy\">Valuation and Shareholding of Swiggy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Swiggy_Share_Technical_Levels_Relief_Rally_or_Trend_Change\" title=\"Swiggy Share Technical Levels: Relief Rally or Trend Change?\">Swiggy Share Technical Levels: Relief Rally or Trend Change?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Swiggy_Relief_Rally_or_Worst_Over_A_Framework_by_Investor_Type\" title=\"Swiggy Relief Rally or Worst Over? A Framework by Investor Type\">Swiggy Relief Rally or Worst Over? A Framework by Investor Type<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Risks_to_Check_Before_You_Act_on_the_Swiggy_Share\" title=\"Risks to Check Before You Act on the Swiggy Share\">Risks to Check Before You Act on the Swiggy Share<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Why_did_Swiggy_shares_rise_today_after_a_4-session_fall\" title=\"Why did Swiggy shares rise today after a 4-session fall?\">Why did Swiggy shares rise today after a 4-session fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#What_is_the_Swiggy_share_price_target_after_Q2\" title=\"What is the Swiggy share price target after Q2?\">What is the Swiggy share price target after Q2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Is_the_Swiggy_rebound_a_relief_rally_or_is_the_worst_over\" title=\"Is the Swiggy rebound a relief rally or is the worst over?\">Is the Swiggy rebound a relief rally or is the worst over?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#What_are_the_key_Swiggy_stop_loss_and_support_levels\" title=\"What are the key Swiggy stop loss and support levels?\">What are the key Swiggy stop loss and support levels?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Why_did_the_Swiggy_share_fall_after_Q2_FY27_results\" title=\"Why did the Swiggy share fall after Q2 FY27 results?\">Why did the Swiggy share fall after Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#How_are_food_delivery_and_Instamart_doing_at_Swiggy\" title=\"How are food delivery and Instamart doing at Swiggy?\">How are food delivery and Instamart doing at Swiggy?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Is_this_Swiggy_share_article_investment_advice\" title=\"Is this Swiggy share article investment advice?\">Is this Swiggy share article investment advice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/swiggy-shares-rise-over-6-percent-after-4-session-fall-is-this-a-relief-rally-or-is-the-worst-over-experts-decode-target-sl\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Swiggy_Share_Price_Today_A_Sharp_Rebound_After_a_4-Session_Fall\"><\/span><strong>Swiggy Share Price Today: A Sharp Rebound After a 4-Session Fall<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: measure (NSE, about 1:11 PM)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Last price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 190.80, up 8.41%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Previous close (23 Oct)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 176.00, down 16.75% that day<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Open<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 176.00<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day high and low<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 191.55 and Rs 174.20<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Early-morning high in the source headline<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 186.65, about 6.05% above the previous close (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Volume<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.99 crore shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 434<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance from 52-week high<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 56.0% below (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Distance from IPO price of Rs 390<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 51.1% below (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>The headline gain of 6% was the early-morning picture, when the Swiggy share touched Rs 186.65 after opening at Rs 176. Buying kept building, and by about 1:11 PM the Swiggy share had reached Rs 191.55 before easing to Rs 190.80, which is a gain of 8.41% on Friday&#8217;s close. By comparison the Nifty 50 was up 0.10% and the Nifty Midcap 50 up 0.49% around 1:14 PM, and Eternal was up 2.49%, so the move in the Swiggy share is mainly its own.<\/p>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: session (2026)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Close (Rs)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Volume (lakh shares)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">16 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">234.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 2.31%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">75.9<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">229.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 2.26%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">48.0<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">21 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">223.65<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 2.34%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">108.1<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">211.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 5.48%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">270.4<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">23 Oct<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">176.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 16.75%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,374.3<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">26 Oct (about 1:11 PM)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">190.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 8.41%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">398.6<\/td>\n<\/tr>\n<\/table>\n<p>The four losing sessions were 19, 21, 22 and 23 Oct, and together they took the Swiggy share down about 24.9% from Rs 234.30 to Rs 176 (my calculation). Friday&#8217;s fall came on volume of about 13.74 crore shares, roughly 24 times the average of the six sessions from 12 to 19 Oct (my calculation), which looks like forced and panic selling. Monday&#8217;s rebound in the Swiggy share on about 3.99 crore shares by early afternoon shows that demand has returned, though at a lower level than Friday&#8217;s heavy selling.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track Swiggy and other new-age stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_Swiggy_Share_Fell_Q2_FY27_Results\"><\/span><strong>Why the Swiggy Share Fell: Q2 FY27 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy Q2 FY27 item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comparison<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Operating revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 7,571 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 36% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Consolidated net loss<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 922 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,092 crore a year ago; Rs 791 crore in Q1 FY27<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart adjusted EBITDA loss<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 895 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 849 crore a year ago; Rs 778 crore in Q1<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart segment loss<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 764 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 739 crore a year ago; Rs 651 crore in Q1<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Food delivery operating revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2,338 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 22% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Food delivery segment profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 349 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 39% year on year<\/td>\n<\/tr>\n<\/table>\n<p>The loss narrowed by about 16% from a year ago but widened by about 17% from Q1, and the market focused on the second fact. Brokerages cited Instamart&#8217;s widening losses and slower-than-expected growth as the main concerns, and the Swiggy share dropped as much as 17.23% to Rs 174.90 on BSE on Friday, a 52-week low. The stock had already fallen more than 5% on Thursday before the results were released.<\/p>\n<p>Reports differ on some Instamart measures. One puts Instamart gross order value at Rs 9,230 crore, up 31.4%, while another quotes Rs 6,954 crore for net order value with a similar growth rate, and the contribution margin is reported between minus 1.0% and minus 1.4% against about minus 0.2% to minus 0.3% in Q1. I use the growth rates and the Rs 895 crore EBITDA loss, which are consistent across sources.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Instamart_Food_Delivery_and_Quick_Commerce_What_Drives_the_Swiggy_Share\"><\/span><strong>Instamart, Food Delivery and Quick Commerce: What Drives the Swiggy Share<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: business driver<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Latest reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart orders<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">130.3 million, up 29% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart average order value<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 506, up 4%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart dark stores<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,240 across 133 cities after adding 69<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart adjusted EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About minus 9.7% of order value<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Food delivery order value growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 18% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Food delivery adjusted EBITDA margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.4% of order value, up from 3.1% in Q1<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Food delivery transacting users<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">19.8 million a month, up 15.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rival Blinkit adjusted EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Positive Rs 184 crore in the same quarter<\/td>\n<\/tr>\n<\/table>\n<p>The gap between the two businesses explains the Swiggy share story. Food delivery earns a healthy segment profit and is improving, while quick commerce burns cash to buy growth. The comparison with Blinkit hurts, because Eternal&#8217;s quick-commerce arm reported a positive adjusted EBITDA of Rs 184 crore while Instamart lost Rs 895 crore, and Eternal reported a Q2 net profit of Rs 125 crore on revenue of Rs 24,138 crore.<\/p>\n<p>Management has given the Swiggy share a recovery path. Swiggy said Instamart losses peaked in Q2, and it expects double-digit sequential growth in net order value and about 100 basis points of margin improvement in Q3 FY27. It also plans to move Instamart to an inventory-led model by mid-Q3 over two to three quarters, and guides food delivery growth of 18% to 20% for FY27 excluding Toing. These are management expectations and not outcomes, and the next result will show whether they hold.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Swiggy_Share_Price_Target_What_Brokerages_Say_After_Q2\"><\/span><strong>Swiggy Share Price Target: What Brokerages Say After Q2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: brokerage (after Q2)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rating<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Target (Rs)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Versus Rs 190.80 (my calculation)<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ICICI Securities<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">400 (cut from 520)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 109.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">UBS<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">375 (maintained)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 96.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Citi<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">330 (cut)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 73.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jefferies<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">330 (lowered)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 73.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nomura<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">300 (cut)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 57.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">CLSA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Outperform<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">262 (cut)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 37.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bank of America<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Neutral<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">245 (from 275)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 28.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">HSBC<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Hold<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">240 (from 315)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 25.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Macquarie<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Underperform<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">230<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 20.5%<\/td>\n<\/tr>\n<\/table>\n<p>The nine targets I could verify average about Rs 301 and the median is Rs 300, which is about 57% above the current price (my calculation). Even Macquarie&#8217;s Underperform target of Rs 230 sits above the current Swiggy share price, which tells you that most of the cut came from valuation models and not from a view that the business is failing. Goldman Sachs, Bernstein and JPMorgan are also reported to have cut targets, but I could not retrieve their numbers.<\/p>\n<p>ICICI Securities cut its target to Rs 400 from Rs 520 by raising its cost of capital assumption by 100 basis points and moving to a fully diluted share count, and it lowered its FY27 EBITDA estimate to a loss of Rs 2,253 crore from a loss of Rs 1,097 crore. Jefferies said the price does not reflect the standalone value of food delivery and cash holdings, which implies the market is giving Instamart a negative value. A target is an analyst&#8217;s view and not a forecast, and every Swiggy share price target here can change after the next quarter.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Swiggy and compare brokerage targets.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Shareholding_of_Swiggy\"><\/span><strong>Valuation and Shareholding of Swiggy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: valuation (data provider)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation at Friday&#8217;s close<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 48,775 crore<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market capitalisation at Rs 190.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 52,900 crore (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 61.53<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book at Rs 190.80<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 3.10 (my calculation); 2.87 at Friday&#8217;s close<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Trailing earnings per share<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minus Rs 12.96<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minus 21.08%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.15<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: shareholding<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jun 2026<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Sep 2026<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Promoters<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.00%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Foreign institutions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13.96%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">8.86%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Domestic institutions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">27.38%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">34.49%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Public<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">58.66%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">56.65%<\/td>\n<\/tr>\n<\/table>\n<p>With no earnings, valuation of the Swiggy share rests on book value and on how investors value Instamart, so a price to book of about 3.1 says little on its own. The Swiggy share carries little debt, with debt to equity at 0.15, which means losses are funded mainly from equity and cash and not from borrowing.<\/p>\n<p>In the September 2026 quarter, foreign institutions cut their holding by 5.10 percentage points to 8.86%, while domestic institutions raised theirs by 7.11 points to 34.49% (my calculation). The largest holders among them include SBI Large and Midcap Fund at 5.12%, Kotak Midcap Fund at 4.59%, Nippon India Multi Cap Fund at 4.21% and ICICI Prudential Multi-Asset Fund at 4.12%, so domestic mutual funds have been the buyers in the Swiggy share.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Swiggy_Share_Technical_Levels_Relief_Rally_or_Trend_Change\"><\/span><strong>Swiggy Share Technical Levels: Relief Rally or Trend Change?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: indicator (daily)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 27.7, oversold<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day EMA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 229.45, 16.8% above the price (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">50-day average<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 259.49, 26.5% above the price (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Sell; upper band Rs 218.55, lower band Rs 147.36<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">MACD<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Minus 17.47 against a signal of minus 13.10, negative<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ADX and directional lines<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">ADX 56.5; plus DI 7.1, minus DI 44.2, a strong down trend<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Stochastic<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">%K 18.7 and %D 9.4, oversold<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Bollinger bands<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lower Rs 190.35, middle Rs 232.34, upper Rs 274.33<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Average true range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About Rs 11.08 a day<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Swiggy share: level for stop loss and target planning<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Rs<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What it marks<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Resistance 3<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">218.55<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend upper band<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Resistance 2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">211.40<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22 Oct close, the gap-fill area<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Resistance 1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">196.35<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Classic pivot resistance from 23 Oct (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support 1<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">185.65<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Classic pivot from 23 Oct (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support 2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">176.00<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Friday&#8217;s close<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Support 3<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">174.20<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Monday&#8217;s low and the 52-week low area<\/td>\n<\/tr>\n<\/table>\n<p>The indicators describe a bounce in the Swiggy share inside a strong down trend. An RSI near 27.7 and a stochastic reading under 20 mark oversold conditions, and relief rallies often start from such readings. At the same time, the ADX of 56.5 with minus DI far above plus DI says the trend itself is strong, and the price is still 16.8% under its 20-day average and below the SuperTrend upper band.<\/p>\n<p>For anyone planning a Swiggy stop loss, the levels above are the reference points that technical traders use, and a close under Rs 174.20 would mean the rebound has failed. A close above Rs 218.55 would be the first sign of a trend change, and the Swiggy relief rally would then face the 20-day average near Rs 229. These are indicator readings and not recommendations, and any Swiggy stop loss should match your own risk limit. With an average daily range near Rs 11, a tight stop can be hit by normal movement.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Swiggy_Relief_Rally_or_Worst_Over_A_Framework_by_Investor_Type\"><\/span><strong>Swiggy Relief Rally or Worst Over? A Framework by Investor Type<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Investor type<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Things to weigh<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What to check<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Long-term investor<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A food delivery business that is growing profit, against quick-commerce losses that management says peaked in Q2<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Instamart margin in the Q3 result and the move to an inventory-led model<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Short-term trader<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A Swiggy relief rally from an oversold level inside a strong down trend<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reaction at Rs 196 and Rs 211, and support near Rs 174 to Rs 176<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Existing holder<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Brokerage targets for the Swiggy share all above the market price, but cut after the result<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Your own entry price, position size and risk limit<\/td>\n<\/tr>\n<\/table>\n<p>None of these rows is a recommendation. The Swiggy relief rally question comes down to time frame, because the same price can be a recovery for a patient investor and a trap for a trader who ignores the trend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Check_Before_You_Act_on_the_Swiggy_Share\"><\/span><strong>Risks to Check Before You Act on the Swiggy Share<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Instamart losses.<\/strong> For the Swiggy share, the Instamart adjusted EBITDA loss widened to Rs 895 crore, and management&#8217;s peak-loss claim is untested.<\/li>\n<li><strong>Competition.<\/strong> For the Swiggy share, Blinkit already reports a positive adjusted EBITDA, which raises the bar for Instamart.<\/li>\n<li><strong>Forecast cuts.<\/strong> For the Swiggy share, ICICI Securities now expects an FY27 EBITDA loss of Rs 2,253 crore, and further estimate cuts would pressure the price.<\/li>\n<li><strong>Institutional shifts.<\/strong> For the Swiggy share, foreign holding fell to 8.86%, and heavy selling by large holders can return.<\/li>\n<li><strong>Volatility.<\/strong> The Swiggy share moved minus 16.75% and then plus 8.41% in two sessions, so position size matters.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Swiggy share rose over 6% in early trade and about 8.4% by 1:11 PM after a 24.9% four-session fall, helped by oversold readings and brokerage targets that all sit above the price. The trend is still down and Instamart losses remain the key risk, so read the reports, watch the levels near Rs 174 and Rs 196, and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Swiggy_shares_rise_today_after_a_4-session_fall\"><\/span><strong>Why did Swiggy shares rise today after a 4-session fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock fell about 24.9% in four sessions after the Q2 FY27 results, and the 14-day RSI dropped near 27.7, an oversold reading. On Monday, 26 Oct 2026, it opened at Rs 176, touched Rs 186.65 early and reached Rs 191.55 by about 1:11 PM, up as much as 8.84%. Brokerage targets that remain above the price and buying by domestic funds are the visible supports.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Swiggy_share_price_target_after_Q2\"><\/span><strong>What is the Swiggy share price target after Q2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The nine brokerage targets I could verify run from Rs 230 from Macquarie to Rs 400 from ICICI Securities, with a median of Rs 300. UBS has Rs 375, Citi and Jefferies Rs 330, Nomura Rs 300, CLSA Rs 262, Bank of America Rs 245 and HSBC Rs 240. Most targets were cut after the results, and they can change again.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Swiggy_rebound_a_relief_rally_or_is_the_worst_over\"><\/span><strong>Is the Swiggy rebound a relief rally or is the worst over?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The evidence says relief rally so far. The ADX of 56.5 shows a strong down trend, and the price remains under the 20-day average near Rs 229 and the SuperTrend upper band at Rs 218.55. A close above Rs 218.55 would be the first sign of a trend change, and a close under Rs 174.20 would mean the bounce has failed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_Swiggy_stop_loss_and_support_levels\"><\/span><strong>What are the key Swiggy stop loss and support levels?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> On daily indicators, support sits near Rs 185.65, Rs 176 and Rs 174.20, and resistance near Rs 196.35, Rs 211.40 and Rs 218.55. The pivot levels are my calculation from Friday&#8217;s price range. A Swiggy stop loss should match your own risk limit, and these readings are not recommendations.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Swiggy_share_fall_after_Q2_FY27_results\"><\/span><strong>Why did the Swiggy share fall after Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Consolidated net loss widened to Rs 922 crore from Rs 791 crore in Q1, and the Instamart adjusted EBITDA loss rose to Rs 895 crore from Rs 778 crore. Brokerages pointed to those losses and to slower-than-expected growth. The stock fell as much as 17.23% to Rs 174.90 on BSE on 23 Oct, a 52-week low.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_are_food_delivery_and_Instamart_doing_at_Swiggy\"><\/span><strong>How are food delivery and Instamart doing at Swiggy?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Food delivery revenue grew 22% to Rs 2,338 crore, with segment profit up 39% to Rs 349 crore and an adjusted EBITDA margin of 3.4% of order value. Instamart orders grew 29% to 130.3 million, and it has 1,240 dark stores in 133 cities. Management says Instamart losses peaked in Q2, but that is an expectation and not a result.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_Swiggy_share_article_investment_advice\"><\/span><strong>Is this Swiggy share article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational. Prices, ratios, results and targets come from company filings, news reports and data providers and may change. Please check the facts and your own risk profile before you invest.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Why did Swiggy shares rise today after a 4-session fall?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock fell about 24.9% in four sessions after the Q2 FY27 results, and the 14-day RSI dropped near 27.7, an oversold reading. On Monday, 26 Oct 2026, it opened at Rs 176, touched Rs 186.65 early and reached Rs 191.55 by about 1:11 PM, up as much as 8.84%. Brokerage targets that remain above the price and buying by domestic funds are the visible supports.\"}},{\"@type\":\"Question\",\"name\":\"What is the Swiggy share price target after Q2?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The nine brokerage targets I could verify run from Rs 230 from Macquarie to Rs 400 from ICICI Securities, with a median of Rs 300. UBS has Rs 375, Citi and Jefferies Rs 330, Nomura Rs 300, CLSA Rs 262, Bank of America Rs 245 and HSBC Rs 240. Most targets were cut after the results, and they can change again.\"}},{\"@type\":\"Question\",\"name\":\"Is the Swiggy rebound a relief rally or is the worst over?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The evidence says relief rally so far. The ADX of 56.5 shows a strong down trend, and the price remains under the 20-day average near Rs 229 and the SuperTrend upper band at Rs 218.55. A close above Rs 218.55 would be the first sign of a trend change, and a close under Rs 174.20 would mean the bounce has failed.\"}},{\"@type\":\"Question\",\"name\":\"What are the key Swiggy stop loss and support levels?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"On daily indicators, support sits near Rs 185.65, Rs 176 and Rs 174.20, and resistance near Rs 196.35, Rs 211.40 and Rs 218.55. The pivot levels are my calculation from Friday's price range. A Swiggy stop loss should match your own risk limit, and these readings are not recommendations.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Swiggy share fall after Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Consolidated net loss widened to Rs 922 crore from Rs 791 crore in Q1, and the Instamart adjusted EBITDA loss rose to Rs 895 crore from Rs 778 crore. Brokerages pointed to those losses and to slower-than-expected growth. The stock fell as much as 17.23% to Rs 174.90 on BSE on 23 Oct, a 52-week low.\"}},{\"@type\":\"Question\",\"name\":\"How are food delivery and Instamart doing at Swiggy?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Food delivery revenue grew 22% to Rs 2,338 crore, with segment profit up 39% to Rs 349 crore and an adjusted EBITDA margin of 3.4% of order value. Instamart orders grew 29% to 130.3 million, and it has 1,240 dark stores in 133 cities. Management says Instamart losses peaked in Q2, but that is an expectation and not a result.\"}},{\"@type\":\"Question\",\"name\":\"Is this Swiggy share article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational. Prices, ratios, results and targets come from company filings, news reports and data providers and may change. Please check the facts and your own risk profile before you invest.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Swiggy shares rose over 6% after a 4-session fall. See Q2 losses, brokerage targets from Rs 230 to Rs 400, RSI and key levels to judge the relief rally.<\/p>\n","protected":false},"author":34,"featured_media":326691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[16033,16036,16034,14508,16031,16029,13528,16030,16032,16035],"class_list":["post-326692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-instamart-losses","tag-new-age-stocks","tag-swiggy-brokerage-targets","tag-swiggy-q2-results","tag-swiggy-relief-rally","tag-swiggy-share","tag-swiggy-share-price","tag-swiggy-share-price-target","tag-swiggy-stop-loss","tag-swiggy-technical-levels"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["326691"],"rank_math_title":["Swiggy Shares Rise 6% After 4-Session Fall: Relief Rally?"],"rank_math_description":["Swiggy shares rose over 6% after a 4-session fall. 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