Swiggy Ltd Sees Surge in Trading Volume Amidst Market Recovery Signs

Swiggy Ltd, a prominent player in the IT software industry, has emerged as one of the most active equities today, with a total traded volume of over 19 million shares and a total traded value exceeding Rs 61.73 crore. The stock opened at Rs 310.00 and reached a day high of Rs 333.85, reflecting a notable intraday gain of 8.02%, significantly outperforming its sector, which saw a mere 0.27% increase.
After experiencing three consecutive days of decline, Swiggy's stock has shown signs of a trend reversal, gaining momentum today. The last traded price stands at Rs 329.55, with the stock's performance indicating a strong recovery. The weighted average price suggests that more volume was traded closer to the lower price range, indicating active trading behavior.

Investor participation has also risen, with delivery volume on May 2 reaching 39.77 lakh shares, a 67.23% increase compared to the five-day average. Additionally, the stock remains liquid enough for trades sized at Rs 2.18 crore, based on 2% of the five-day average traded value. Overall, Swiggy's performance today highlights its resilience in the market, showcasing a significant rebound amidst fluctuating trends.