Swiggy Sees Surge in Trading Volume and Positive Short-Term Returns

Swiggy Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active equities today, with a total traded volume of 7,078,756 shares and a total traded value of approximately Rs 234.60 crores. The stock opened at Rs 328.95, slightly above its previous close of Rs 328.85, and reached an intraday high of Rs 338.20, reflecting a 2.84% increase during the trading session. The day's low was recorded at Rs 327.65, with the last traded price standing at Rs 330.50.
In terms of performance, Swiggy has outperformed its sector by 0.85% and has shown a positive trend with consecutive gains over the last three days, accumulating a total return of 2.8% in this period. The stock's moving averages indicate it is currently above the 5-day and 20-day averages but below the 50-day, 100-day, and 200-day averages. Notably, investor participation has surged, with delivery volume on May 29 reaching 1.29 crore, a significant increase of 154.71% compared to the 5-day average.

With a market capitalization of Rs 82,091 crores, Swiggy continues to demonstrate robust liquidity, supporting trade sizes of Rs 8.83 crores based on 2% of the 5-day average traded value. Overall, Swiggy's performance today reflects a strong position within the market, characterized by increased trading activity and positive short-term returns.