Key Events This Week
Jan 27: Modest gain of 0.26% as market sentiment remained cautious
Jan 28: Strong rally with 3.54% rise on robust volume
Jan 29: Narrowing losses reported; stock gains 1.17%
Jan 30: Sharp decline with intraday low at Rs.302.25 amid heavy selling and put option surge
Jan 27: Cautious Start with Modest Gains
Swiggy Ltd opened the week on 27 January 2026 with a slight uptick, closing at Rs.312.55, up 0.26% on volume of 8,43,935 shares. The Sensex outperformed with a 0.50% gain, closing at 35,786.84. The stock’s modest rise reflected cautious investor sentiment amid broader market optimism. No major company-specific news was reported, and the stock traded in line with sector trends.
Jan 28: Strong Rally on Elevated Volume
On 28 January, Swiggy Ltd surged 3.54% to close at Rs.323.60, supported by a significant volume increase to 14,41,571 shares. The Sensex also advanced 1.12% to 36,188.16, but Swiggy outperformed the benchmark, signalling renewed investor interest. This rally was bolstered by anticipation of the company’s quarterly results and reflected optimism about operational improvements. The stock’s intraday momentum suggested a potential reversal of recent weakness.
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Jan 29: Quarterly Results Show Narrowing Losses, Stock Gains 1.17%
Swiggy Ltd reported its highest-ever quarterly net sales of ₹6,148 crore for Q2 FY26, marking a significant improvement in financial performance despite ongoing market challenges. The company’s financial trend score rose sharply from 2 to 9, indicating robust revenue growth and margin expansion. The stock responded positively, closing at Rs.327.40, up 1.17% on lower volume of 5,00,850 shares. This marked the week’s peak price, reflecting investor recognition of operational progress amid a tough sector environment.
Jan 30: Sharp Decline Amid Heavy Selling and Put Option Surge
Despite the positive quarterly results, Swiggy Ltd faced intense selling pressure on 30 January, opening with a significant gap down of 5.35% at Rs.309.00. The stock hit an intraday low of Rs.302.25, a 7.68% drop from the previous close, before settling at Rs.311.10, down 4.98% for the day. This decline starkly contrasted with the Sensex’s modest 0.22% gain, highlighting company-specific headwinds.
Trading volume surged to 19,43,598 shares, with total traded value exceeding ₹10,078.9 crores, making Swiggy one of the most actively traded stocks by value. However, delivery volumes fell sharply by 71.42%, suggesting reduced long-term investor participation amid speculative trading.
Put option activity spiked dramatically, with 3,574 contracts traded at the ₹300 strike price expiring 24 February, reflecting growing bearish sentiment and hedging ahead of expiry. Open interest rose 14.3% to 28,059 contracts, signalling fresh short positions and increased downside bets.
Technically, Swiggy is trading below all key moving averages, with a Mojo Score of 29.0 and a Strong Sell rating from MarketsMOJO, downgraded from Sell in December 2025. The stock’s proximity to its 52-week low of Rs.297 and underperformance relative to sector and market indices underscore the fragile outlook.
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Daily Price Comparison: Swiggy Ltd vs Sensex (27-30 Jan 2026)
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-27 | Rs.312.55 | +0.26% | 35,786.84 | +0.50% |
| 2026-01-28 | Rs.323.60 | +3.54% | 36,188.16 | +1.12% |
| 2026-01-29 | Rs.327.40 | +1.17% | 36,266.59 | +0.22% |
| 2026-01-30 | Rs.311.10 | -4.98% | 36,185.03 | -0.22% |
Key Takeaways
Positive Signals: Swiggy Ltd’s highest-ever quarterly net sales of ₹6,148 crore and improved financial trend score from 2 to 9 indicate operational progress and margin expansion potential. The midweek rally demonstrated investor recognition of these fundamentals.
Cautionary Signals: The stock’s sharp decline on 30 January, gap down opening, and intraday volatility reflect persistent selling pressure and fragile sentiment. Trading below all major moving averages and proximity to the 52-week low highlight technical weakness. The surge in put option activity and open interest further confirm bearish positioning. The downgrade to Strong Sell by MarketsMOJO underscores deteriorating fundamentals and market outlook.
Market Context: Swiggy’s underperformance relative to the Sensex and its sector during the week, especially on the final day, suggests company-specific challenges amid a broadly stable market environment. Reduced delivery volumes despite high liquidity point to waning long-term investor confidence.
Conclusion
Swiggy Ltd’s week ending 30 January 2026 was marked by a complex interplay of strong quarterly financial results and significant market headwinds. While the record sales and improved financial trend score offer a foundation for cautious optimism, the stock’s technical profile and market sentiment remain weak. The pronounced gap down and heavy selling on the last trading day, coupled with elevated put option activity and a Strong Sell rating, signal ongoing challenges for the company’s share price recovery. Investors should closely monitor upcoming earnings and market developments to assess whether Swiggy can sustain its operational momentum and overcome the prevailing bearish pressures.
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