Swiggy Faces Significant Stock Decline Amid Broader Market Caution and Sector Underperformance

Swiggy, a prominent player in the IT software industry, has experienced a notable decline in its stock performance today, with a drop of 3.05% as of May 2, 2025. The stock is currently trading just 0.21% above its 52-week low of Rs 305.8, reflecting ongoing challenges in the market. Over the past three days, Swiggy has seen a cumulative decline of 5.4%, indicating a concerning trend for investors.
In terms of performance metrics, Swiggy has underperformed its sector by 2.85% today. The stock reached an intraday low of Rs 306.35, marking a decrease of 3.08%. Additionally, Swiggy is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend.

In the broader market context, the Sensex has shown a slight negative movement, trading at 80,203.17, down 0.05% after a flat opening. While the Sensex is above its 50-day moving average, the overall market sentiment appears cautious, which may be impacting Swiggy's performance. Year-to-date, Swiggy's stock has declined by 43.63%, contrasting sharply with the Sensex's modest gain of 2.70%.