Swiggy, the popular food delivery aggregator, saw its shares tumble 11 per cent in Tuesday’s trade (January 21), hitting an 8-week low of ₹427 apiece after company’s director competitor Zomato posted weak set of numbers for the December ending quarter, raising concerns among investors. 

Today’s drop was the biggest intraday fall for the stock since its listing in November last year. Additionally, the decline has brought the stock to trade near its listing price of ₹420 apiece. At current levels, the stock is trading 11% above its issue price of ₹390 apiece.