Swiggy Experiences High Trading Volume Amid Significant Stock Volatility and Bearish Trends

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 20,348,355 shares and a total traded value of approximately Rs 61.34 crore. The stock opened at Rs 305.00, reflecting a gap down of 4.78%, and reached a day’s low of Rs 297.00, marking a decline of 7.27%. The last traded price stands at Rs 300.00, indicating a 1D return of -6.26%, which underperformed the sector's return of -1.10% and the Sensex's return of -0.67%.
Notably, Swiggy hit a new 52-week low today at Rs 297. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. However, there has been a notable increase in investor participation, with delivery volume rising by 107.14% against the 5-day average, reaching 71.14 lakh shares on May 12. The liquidity of the stock remains adequate for trading, with a market cap of Rs 73,398 crore, classifying it as a large-cap company. Overall, Swiggy's performance today reflects significant volatility and a challenging market environment.