Swiggy Faces Continued Stock Decline Amid Broader Market Stability Concerns

Swiggy, a prominent player in the IT software industry, has experienced significant volatility in its stock performance today, February 11, 2025. The stock has declined by 3.49%, marking a notable underperformance compared to its sector, which saw a decrease of 3.13%. This decline is part of a broader trend, as Swiggy has faced consecutive losses over the past six days, resulting in a cumulative drop of 23.74% during this period.
Today, Swiggy's stock reached a new 52-week and all-time low of Rs. 348.4, following an intraday low of Rs. 348.4, down 3.8%. The stock did touch an intraday high of Rs. 370, reflecting a modest increase of 2.17% at one point. Additionally, Swiggy is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the broader market context, Swiggy's one-day performance of -3.91% contrasts sharply with the Sensex, which only fell by 0.43%. Over the past month, Swiggy's stock has plummeted by 29.23%, while the Sensex has remained relatively stable with a decline of just 0.52%.