Swiggy Share Price Hits A 6-Month Low as Stock Slips Below QIP Price

Swiggy share price declined sharply on Tuesday, January 6, 2026, hitting an over six-month low amid heavy selling pressure. The food and grocery delivery company’s stock fell nearly 5% intraday to around ₹360, slipping below its qualified institutional placement (QIP) issue price of ₹375. The fall came amid rising volumes and growing concerns over profitability and competition.

Sharp Fall in Swiggy Share Price Amid Heavy Volumes

Swiggy shares extended losses for the third consecutive session, declining nearly 8% over 3 trading days. The stock is now trading at its lowest level since June 19, 2025. During the session, trading volumes jumped around 1.5 times compared to the average, with over 9 million shares changing hands across the NSE and BSE.

The broader market remained relatively stable, but Swiggy underperformed benchmark indices, reflecting stock-specific pressure rather than overall market weakness. The recent inclusion of Swiggy in the futures and options segment has also added to near-term volatility.

Swiggy Share Price is Trading Below QIP Issue Price

The decline has taken Swiggy’s share price below its QIP price of ₹375, set in December 2025. The company had raised ₹10,000 crore through the QIP, which attracted strong participation from domestic and global institutional investors.

Swiggy had stated that the funds would be used to expand its quick commerce network, including dark stores and warehouses, invest in technology and cloud infrastructure, support brand marketing, and fund potential acquisitions. However, despite this capital infusion, investor sentiment has weakened in recent sessions.

Rising Competition and Profitability Concerns

Market participants remain cautious about Swiggy’s position in both food delivery and quick commerce. While the company was an early mover in food delivery, competition has intensified, and profitability is seen as lagging behind peers.

In quick commerce, Swiggy faces a tougher challenge. Order growth has slowed over recent quarters, while costs related to dark store operations remain high. Productivity metrics such as orders per dark store have also shown signs of pressure, raising concerns about operating efficiency.

Although Swiggy is close to achieving contribution-level profitability, fixed costs continue to weigh on overall margins. This has led to questions around how quickly the company can move towards sustained profitability, especially in a highly competitive environment.

Recent Performance of Swiggy Share Price 

Over the past year, Swiggy has seen wide price swings. The stock hit a 52-week high of over ₹540 in early January 2025 and a low of ₹297 in May 2025. The latest decline highlights continued volatility as investors reassess growth prospects and cost pressures.

Read more: Top SIP Stocks for January 2026: Hindalco, BEL, NTPC, and Others Based on 5Y CAGR and D/E Ratio.

Conclusion

Swiggy’s recent share price fall reflects growing investor caution around competition, profitability, and execution in quick commerce. While the company has strengthened its balance sheet through a large QIP, challenges around efficiency and market share remain key concerns. In the near term, stock performance is likely to stay volatile as investors track growth trends and progress on cost control. 

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