Swiggy Sees Surge in Trading Activity Amid Strong Market Performance

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 41,837,520 shares and a total traded value of approximately Rs 174.31 lakhs. The stock opened at Rs 405.00, reflecting a gain of 2.6% from the previous close of Rs 394.75. Throughout the trading session, Swiggy reached an intraday high of Rs 426.30, marking a notable increase of 7.99%.
In terms of performance, Swiggy has outperformed its sector by 3.19% and has shown a consistent upward trend, gaining 5.76% over the last three days. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish momentum. Additionally, the delivery volume surged to 1.08 crore on July 21, representing a significant increase of 114.91% compared to the 5-day average delivery volume.

With a market capitalization of Rs 1,01,616.11 crore, Swiggy continues to demonstrate robust liquidity, supporting trade sizes of up to Rs 9.37 crore. Overall, Swiggy's performance today reflects a solid position within the market, characterized by increased trading activity and positive momentum.