Swiggy shares rose 2.53% to ₹276.10 on NSE following significant institutional investment activity on Friday, September 4. The stock traded in a range of ₹269.30-284.40 during the session, marking a recovery from recent declines. BNP Paribas Financial Markets bought 1.78 crore shares for ₹491.99 crore, while Goldman Sachs Investments Mauritius I purchased 1.98 crore shares for ₹549.01 crore. Together, these transactions represented a 1.36% stake in Swiggy, with the shares purchased at ₹276.10 apiece. This large institutional interest came as part of rebalancing following a cut in Swiggy's weight, which is due to changes in headroom announced earlier. Despite Friday's gains, Swiggy shares have declined 29.33% so far in 2026 and 34.74% over the past one year, according to NSE data.
Swiggy reported a consolidated net loss of ₹791 crore for Q1 FY27, a nearly 34% decline from the ₹1,197 crore net loss reported in the year-ago period. However, the company showed strong revenue growth with revenue from operations increasing more than 37% year-on-year to ₹6,812 crore in the April-June quarter, compared with ₹4,961 crore in the corresponding period last year. Total income rose more than 39% year-on-year to ₹7,023 crore, while total expenses increased over 25% to ₹7,813 crore during the quarter. The company's food delivery segment reported revenue growth of 23% year-on-year to ₹2,208 crore, with Gross Order Value (GOV) for the segment increasing more than 17% year-on-year to ₹9,490 crore, while Monthly Transacting Users (MTU) rose around 18% to 1.92 crore.
MSCI has officially removed Swiggy from its MSCI Global Standard Index and Mid Cap Index, effective September 7, 2026. As reported by CNBC TV18, the removal follows the company's decision to cap total foreign ownership at 49.5% as part of its Indian-Owned and Controlled Company (IOCC) strategy. Swiggy was added to the MSCI indices in August 2025, making this deletion a significant reversal in the food delivery platform's index status. According to MSCI's announcement, the deletion is scheduled to take effect from September 7, 2026, with the removal triggering potential passive outflows from passive exchange-traded funds (ETFs) and global institutional portfolios that will have to adjust their holdings.
The Indian owned and controlled company status would allow Swiggy to directly own and sell inventory through its quick commerce brand Instamart, a move expected to improve margins and strengthen supply chain control. As reported by CNBC TV18, the food delivery and quick commerce firm has been trying to qualify as an IOCC, with Swiggy's shareholders approving an alteration to the Articles of Association (AoA) to align with India's FEMA regulations. In May, shareholders did not approve the requisite proposal to amend the company's Articles of Association (AoA), but subsequently approved the foreign ownership cap along with amendments to the AoA to align with India's Foreign Exchange Management Act (FEMA) regulations. Swiggy's foreign investors include Prosus, SoftBank, Tencent and Accel, while its Indian investors include SBI Mutual Fund, ICICI Prudential Asset Management and HDFC Mutual Fund, according to data compiled by LSEG.
Swiggy has a market capitalisation of ₹76,212.26 crore with a 52-week range on NSE standing at ₹235.75-₹474. The MSCI deletion has significantly impacted investor sentiment, with the stock struggling to gain traction and remaining under sustained selling pressure since October 2025. The company's first-quarter margins were impacted by seasonal factors and annual salary hikes during the quarter, adding that margin pressure is expected to normalise over the rest of the year. From a technical perspective, Swiggy faces key support at ₹235-240, while a break below this range could trigger further downside towards ₹200-210. A sustained move above the ₹280-310 zone could signal a broader recovery towards ₹360-380, though selling pressure may continue to weigh on the stock.
