Kotak downgrades Swiggy stock rating to Reduce on cash burn concerns
NegativeFinancial Markets

Kotak has downgraded its rating on Swiggy's stock to 'Reduce' due to concerns over the company's cash burn. This decision highlights the financial challenges Swiggy is facing, which could impact investor confidence and the company's future growth prospects. As cash burn remains a critical issue in the competitive food delivery market, this downgrade serves as a warning for potential investors to reconsider their positions.
— Curated by the World Pulse Now AI Editorial System