Swiggy Faces Continued Decline Amid Broader Market Resilience and Sector Underperformance

Swiggy, a prominent player in the IT software sector, has experienced a notable decline of 3.48% on April 25, 2025. This downturn marks a continuation of a downward trend, with the stock having lost 5.48% over the past two days. Today, Swiggy reached an intraday low of Rs 328.2, reflecting a drop of 3.71%.
In terms of performance metrics, Swiggy has underperformed compared to its sector, with a daily performance of -3.33% against the Sensex's decline of 1.43%. Over the past week, the stock has decreased by 3.36%, while the Sensex has shown a slight increase of 0.13%. On a broader scale, Swiggy's performance over the last month is down by 2.41%, contrasting with the Sensex's gain of 0.82%. The three-month performance reveals a significant drop of 26.59% for Swiggy, while the Sensex has risen by 3.24%. Year-to-date, Swiggy has faced a substantial decline of 39.05%, compared to the Sensex's modest increase of 0.67%.

Additionally, Swiggy is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.