Swiggy, Zomato parent shares drop on delivery partners' strike
after close1 source ↓written by the desknot a recommendation
- each
- 2%
- following a nationwide
- 26 Dec
- delivery partners
- 25 Dec
- 31 Dec
- stock dipped
- ₹391.40
Shares of food delivery firms Swiggy and Eternal fell around 2% each on 26 Dec following a nationwide strike by delivery partners on 25 Dec and 31 Dec. Swiggy's stock dipped to ₹391.40, marking a fourth consecutive session of losses, while Eternal hit a five-month low of ₹279.70. Concerns over disruptions during peak demand periods are rising as unions demand better working conditions.
Not investment advice. For informational purposes only.