Swiggy is trading at INR 267.35, down 4.00%, amid potential foreign outflows linked to ownership-limit-related passive selling.
- Swiggy entered the NSDL red-flag list and faces MSCI and FTSE index changes, adding to outflow concerns.
- Maharashtra FDA suspended a Swiggy Instamart dark-store licence over serious hygiene violations, adding regulatory pressure.
- Broader risk-off sentiment, higher Treasury yields and weaker consumer-discretionary stocks likely amplified the selling.