Swiggy Shows Strong Trading Activity Amid E-Retail Sector Resilience

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 20,872,819 shares and a total traded value of approximately Rs 75,734.94 lakhs. The stock opened at Rs 361.00 and reached a day high of Rs 367.50, closing at Rs 367.00, reflecting a 1.14% increase for the day. This performance has allowed Swiggy to outperform its sector, which recorded a 0.16% return, and the Sensex, which saw a 0.40% return.
Notably, Swiggy has been on a positive trajectory, gaining for the last two consecutive days and achieving a remarkable 9.54% return over this period. The stock's performance is also supported by its liquidity, with a delivery volume of 1.9 crore shares on June 4, marking a significant 97.98% increase compared to the five-day average delivery volume. Furthermore, Swiggy's current price is above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.

With a market capitalization of Rs 91,491.90 crore, Swiggy continues to demonstrate strong activity and resilience in the competitive E-Retail landscape.