Swiggy shares jump 5% a day after Q2 results sparked a 17% crash. Why brokerages remain bullish despite target price cuts

Swiggy shares rebounded nearly 5% after plunging 17% following its Q2FY27 results. While food delivery profitability improved, widening Instamart losses prompted Jefferies and Nomura to cut target prices, even as brokerages retained bullish ratings.