Swiggy Shows Strong Trading Activity Amid Sector Underperformance and Robust Liquidity

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 19,458,812 shares and a total traded value of approximately Rs 87.09 crores. The stock opened at Rs 443.00 and reached a day high of Rs 458.95, before closing at Rs 443.20, reflecting a decline of 1.69% for the day.
Despite this drop, Swiggy's performance remains noteworthy as it continues to trade above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend over the longer term. The stock experienced a day’s low of Rs 440.00, with an intraday low of Rs 432.20, marking a decrease of 2.47%.

Investor participation has seen a significant uptick, with delivery volume reaching 902,200 shares on September 8, a rise of 72.52% compared to the 5-day average. The liquidity of Swiggy's stock remains robust, accommodating trade sizes of up to Rs 11.64 crores based on 2% of the 5-day average traded value.

Overall, while Swiggy has underperformed its sector by 3.05% today, its strong market capitalization of Rs 1,08,635.73 crores and active trading metrics suggest a dynamic presence in the mid-cap segment of the market.