Swiggy Ltd Hits Intraday High with 5.09% Surge on 3 Feb 2026

Intraday Trading Highlights

Swiggy Ltd opened the trading session with a gap up, rising 3.38% at the outset. Throughout the day, the stock maintained upward momentum, eventually touching a peak of Rs 328.35, representing a 6.75% gain from the prior close. This intraday high was accompanied by a day change of 5.09%, outperforming the E-Retail/ E-Commerce sector by 2.79% and the Sensex benchmark by 2.11%.

The stock’s performance today also contrasted with the broader IT - Software sector, which gained 2.3%, underscoring Swiggy’s relative strength within its industry grouping. Despite the Sensex losing momentum after a strong gap up opening—initially rising 3,656.74 points before retreating by 1,231.66 points to trade at 84,091.54—the stock managed to sustain gains, highlighting its resilience amid market fluctuations.

Technical Positioning and Moving Averages

From a technical perspective, Swiggy Ltd’s price currently trades above its 5-day moving average, signalling short-term strength. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating that the stock is still in a longer-term consolidation or correction phase. This mixed technical picture suggests that while immediate trading action is positive, the stock has yet to break through key resistance levels that would confirm a sustained upward trend.

The stock’s market capitalisation grade stands at 2, reflecting its mid-cap status within the E-Retail/ E-Commerce sector. The company’s Mojo Score is 29.0, with a Mojo Grade of Strong Sell, recently downgraded from Sell on 4 Dec 2025. This rating context provides insight into the stock’s broader valuation and quality metrics despite today’s strong intraday showing.

Comparative Performance Metrics

Examining Swiggy Ltd’s recent performance relative to the Sensex reveals a mixed trend over various time frames. The stock outperformed the Sensex in the short term, with a 1-day gain of 4.63% compared to the Sensex’s 2.98%, and a 1-week gain of 2.98% versus the Sensex’s 2.74%. However, over longer periods, Swiggy has lagged significantly. Its 1-month return stands at -16.87%, compared to the Sensex’s -1.94%, and its 3-month return is -20.05% against a modest Sensex gain of 0.15%.

Year-to-date, Swiggy Ltd has declined by 16.66%, while the Sensex has fallen by 1.31%. Over the 1-year horizon, the stock’s performance is down 29.77%, contrasting with the Sensex’s 8.96% gain. The stock’s 3-year, 5-year, and 10-year returns remain at 0.00%, reflecting its relatively recent listing or lack of historical data, whereas the Sensex has delivered 38.23%, 67.35%, and 247.20% gains respectively over these periods.

Market Context and Sector Dynamics

The broader market environment on 3 Feb 2026 was characterised by volatility. The Sensex opened strongly with a gap up of 3,656.74 points but subsequently retreated by 1,231.66 points, closing at 84,091.54, which is 2.97% higher on the day but still 2.46% below its 52-week high of 86,159.02. The Sensex is trading below its 50-day moving average, although the 50-day average remains above the 200-day moving average, signalling a cautiously positive medium-term trend.

Within this context, mega-cap stocks led the market gains, supporting the Sensex’s overall advance. Swiggy Ltd’s outperformance relative to the Sensex and its sector highlights its distinct trading action amid a market where large caps are driving momentum.

Summary of Intraday Drivers

Swiggy Ltd’s strong intraday performance was primarily driven by its gap up opening and sustained buying interest throughout the session. The stock’s ability to outperform both its sector and the Sensex amid a volatile market environment underscores the focused trading activity it attracted today. While the broader market experienced a pullback after an initial surge, Swiggy maintained upward momentum, reaching its highest price point of Rs 328.35 during the day.

Despite the positive intraday movement, the stock’s longer-term technical indicators and Mojo Grade suggest cautious interpretation of this rally. The downgrade to a Strong Sell grade on 4 Dec 2025 and the relatively low Mojo Score of 29.0 reflect ongoing valuation and quality concerns that remain relevant beyond today’s trading session.

Overall, Swiggy Ltd’s performance on 3 Feb 2026 highlights a notable episode of intraday strength within a challenging market backdrop, with the stock’s gains standing out against sector and benchmark indices.

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