Swiggy's Trading Surge Signals Strong Momentum in E-Retail Sector

Swiggy Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks today, with a total traded volume of 7,736,758 shares and a total traded value of approximately Rs 34,745.78 lakhs. The stock opened at Rs 443.00 and reached an intraday high of Rs 458.95, reflecting a 4.53% increase during the trading session. The last traded price stood at Rs 443.75, marking a 2.35% gain for the day.
Swiggy has shown resilience, outperforming its sector by 2.74% and achieving a consecutive gain over the last two days, with a total return of 6.29% in that period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Notably, the delivery volume surged to 1.03 crore on September 5, representing a remarkable 141.02% increase compared to the 5-day average delivery volume.

With a market capitalization of Rs 1,12,052.02 crore, Swiggy continues to demonstrate robust liquidity, making it a significant entity in the mid-cap segment of the market. Overall, Swiggy's performance today highlights its active trading status and positive momentum within the E-Retail sector.