Swiggy Experiences Increased Trading Activity Amid Ongoing Stock Decline

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 22,583,961 shares and a total traded value of approximately Rs 88,766.26 lakhs. The stock opened at Rs 408.00, reaching a day high of Rs 408.50 before closing at Rs 392.25, reflecting a decline of 0.60% for the day. This performance marks a consecutive fall for the stock, which has seen a total decrease of 3.65% over the last two days.
Despite this downturn, Swiggy's stock remains above its 50-day and 100-day moving averages, although it is currently below the 5-day, 20-day, and 200-day moving averages. Notably, investor participation has increased, with a delivery volume of 796,500 shares on August 1, representing a significant rise of 161.9% compared to the 5-day average delivery volume. The stock's liquidity is also noteworthy, as it is liquid enough for a trade size of Rs 13.01 crore, based on 2% of the 5-day average traded value.

In summary, while Swiggy's stock has faced recent challenges, the increased trading activity and liquidity indicate a dynamic market presence.