Swiggy Experiences Increased Investor Activity Amidst Trading Challenges

Swiggy Ltd, a prominent player in the IT software industry, has emerged as one of the most active equities today, with a total traded volume of 4,477,548 shares and a total traded value of approximately Rs 151.54 crores. The stock opened at Rs 337.00, reflecting a loss of 2.02% from the previous close of Rs 343.95. Throughout the trading session, Swiggy reached a day’s high of Rs 342.70 and a low of Rs 335.00, marking a decline of 2.6% at its lowest point.
Despite the day's challenges, Swiggy's performance metrics indicate a notable increase in investor participation, with a delivery volume of 796,800 shares on May 5, representing a significant rise of 207.77% compared to the five-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 1.79 crores based on 2% of the five-day average traded value.

In terms of moving averages, Swiggy's stock is currently above its 5-day and 20-day moving averages but below the 50-day, 100-day, and 200-day averages. Overall, Swiggy's performance today reflects a slight underperformance against its sector, with a 1D return of -1.76%, compared to a sector return of -0.23%.