Swiggy Faces Continued Decline Amid Broader IT Sector Challenges

Swiggy, a prominent player in the IT software industry, has experienced a notable decline of 3.51% on February 28, 2025. This drop comes as the stock is now just 1.91% away from its 52-week low of Rs 326. Over the past three days, Swiggy has faced consecutive losses, totaling an 8.93% decrease in returns during this period.
On the day, the stock reached an intraday high of Rs 354.45, reflecting a modest increase of 2.93%, but also dipped to a low of Rs 331.5, marking a decline of 3.73%. In terms of moving averages, Swiggy is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging performance trend.

In comparison to the broader market, Swiggy's one-day performance of -3.44% contrasts with the Sensex's decline of 1.63%. Over the past month, Swiggy has underperformed significantly, with a decrease of 19.01% compared to the Sensex's drop of 3.30%. The IT software sector as a whole has also seen a downturn, falling by 3.85%.