Swiggy Share Price Drops 5%: Reasons Behind the Decline Below QIP Level

The Swiggy share price came under sharp pressure on January 6, 2026, falling nearly 5% in early trade. The drop pushed the stock below its recent Qualified Institutional Placement (QIP) price, a level closely watched by investors. This sudden move surprised many market participants. Just weeks ago, Swiggy had raised fresh capital from large institutions. That fundraising had boosted confidence around the stock.