Swiggy Sees Surge in Trading Activity Amid Sector Outperformance and Increased Investor Participation

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 11,500,580 shares and a total traded value of approximately Rs 36.81 crore. The stock opened at Rs 310.00 and reached an intraday high of Rs 327.45, reflecting a notable gain of 7.26% during the trading session. As of the latest update, the last traded price stands at Rs 323.55.
Today’s performance indicates that Swiggy has outperformed its sector by 6.23%, marking a trend reversal after three consecutive days of decline. The stock's 1-day return is reported at 7.19%, significantly higher than the sector's return of 0.30% and the Sensex's return of 0.43%.

Additionally, the delivery volume on May 2 saw a substantial increase of 67.23% compared to the 5-day average, indicating rising investor participation. Despite being higher than the 5-day moving averages, the stock remains below its 20-day, 50-day, 100-day, and 200-day moving averages. With a market capitalization of Rs 74,943.95 crore, Swiggy continues to maintain a liquid trading environment, suitable for transactions around Rs 2.18 crore. Overall, Swiggy's performance today reflects significant activity and a positive shift in momentum.