Swiggy Shows Strong Market Activity Amid Declining Investor Participation

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 3,426,597 shares and a total traded value of approximately Rs 14,616.83 lakhs. The stock opened at Rs 425.0 and reached a day high of Rs 432.45, while the day low was recorded at Rs 420.7. As of the latest update, the last traded price (LTP) stands at Rs 431.3.
In terms of performance, Swiggy has outperformed its sector by 0.76%, showcasing a 1.51% return for the day, compared to a 0.41% return for the sector and a 0.19% return for the Sensex. 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.

However, it is noteworthy that investor participation has seen a decline, with delivery volume on September 4 dropping by 21.58% compared to the 5-day average. Despite this, the stock remains liquid enough for a trade size of Rs 8.58 crore, based on 2% of the 5-day average traded value. Overall, Swiggy's performance today reflects a solid position in the market, characterized by notable trading activity and a favorable comparison to sector performance.