Swiggy Faces Decline Amid Broader Market Resilience and Mixed Signals

Swiggy, a prominent player in the IT software sector, has experienced a notable decline of 3.04% on March 20, 2025. This drop comes after two consecutive days of gains, indicating a potential trend reversal. The stock has underperformed its sector by 4.57%, reflecting broader market dynamics.
During the trading session, Swiggy reached an intraday low of Rs 348.25, marking a decrease of 3.42%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in the short to medium term.

In contrast, the broader market has shown resilience, with the Sensex opening 468.06 points higher and currently trading at 75,983.40, up by 0.71%. The Sensex is performing well above its 50-day moving average, although the 50-day moving average is below the 200-day moving average, indicating mixed signals in the market.

Over the past week, Swiggy has declined by 1.69%, while the Sensex has gained 2.92%. Year-to-date, Swiggy's performance shows a significant drop of 35.26%, compared to the Sensex's modest decline of 2.76%.