Swiggy Ltd Ranks Among Most Active Stocks with Rs 236.99 Crores Traded Today

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 5,265,442 shares and a total traded value of approximately Rs 236.99 crores. The stock opened at Rs 458.2, reflecting a 2% gain, but has since faced challenges, closing at Rs 445.85, marking a decline of 1.09% for the day.
Despite reaching an intraday high of Rs 460.9, Swiggy has underperformed its sector by 0.47% and has experienced a consecutive fall over the past three days, resulting in a total decline of 3.12%. The stock's performance is noteworthy as it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.

Investor participation appears to be waning, with delivery volume dropping to 535,200 shares on September 23, a significant decrease of 53.11% compared to the five-day average. Nevertheless, the stock maintains sufficient liquidity for trading, with a market capitalization of Rs 1,10,792.73 crores, categorizing it as a mid-cap company. Overall, Swiggy's recent activity reflects a complex interplay of market dynamics and investor sentiment.