Swiggy share price: Down 50% in 1 year; can food delivery stock recover? Should you buy the dip? Check target, stop-loss

Swiggy’s improving food-delivery profitability and plans to reduce Instamart losses have prompted Anand Rathi to retain a Buy rating and ₹310 target, implying about 35% upside from ₹230. However, the stock’s weak chart signals caution.Swiggy’s improving food-delivery profitability and plans to reduce Instamart losses have prompted Anand Rathi to retain a Buy rating and ₹310 target, implying about 35% upside from ₹230. However, the stock’s weak chart signals caution.