New Delhi, March 4 -- Swiggy, the leading food delivery and quick commerce platform, saw its shares stage a rebound in Wednesday's session, March 4, defying the broader market sell-off.

The stock opened the session at Rs.280, which also marked a fresh all-time low, but demand picked up as the day progressed, pushing it to an intraday high of Rs.300.20 apiece, up 4% from the previous close. Today's gain came after eight consecutive sessions of losses.

The shares have remained under prolonged pressure in recent months, which intensified after the company's net loss widened in the December quarter, prompting analysts to trim their target price estimates.

Domestic brokerage firm Motilal Oswal Financial Services Ltd (MOFSL) believes near-te...