Swiggy's Strong Market Performance Contrasts With Declining Delivery Volumes

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 5,308,852 shares and a total traded value of approximately Rs 216.12 crores. The stock opened at Rs 399.50 and reached an intraday high of Rs 412.00, reflecting a 3.01% increase from the previous close of Rs 399.95.
Over the past three days, Swiggy has shown a positive trend, gaining 4.4% in returns and outperforming its sector by 1.6%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks. However, it is noteworthy that the delivery volume has decreased significantly, with a reported 56.15 lakh shares delivered on June 25, marking a decline of nearly 50% compared to the 5-day average.

With a market capitalization of Rs 99,796 crores, Swiggy continues to maintain a liquid trading environment, suitable for transactions up to Rs 23.83 crores based on 2% of the 5-day average traded value. Overall, Swiggy's performance today reflects a robust position in the market, despite the noted drop in investor participation.