Swiggy stock fell 2.6% as Q1 loss nearly doubled, triggering target price cuts and investor concerns over margins.

• CLSA, JPM cut price targets citing unclear path to margin break-even and rising cash burn concerns.
• Morgan Stanley flags slow Instamart store growth vs Blinkit as a key competitive disadvantage for Swiggy.
• Swiggy shares are down 28% YTD, underperforming Blinkit parent Eternal, which gained 10.4% over the same period.