Swiggy Faces Potential Trend Reversal Amid Broader Market Gains and Mixed Signals

Swiggy, a prominent player in the E-Retail and E-Commerce sector, experienced a notable decline of 3.22% on June 9, 2025. This drop comes after an impressive streak of eight consecutive days of gains, indicating a potential trend reversal. The stock's performance today underperformed the sector by 4.24%, reflecting broader market dynamics.
During intraday trading, Swiggy reached a low of Rs 360.1, marking a decrease of 3.91%. Despite this setback, the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is trading below its 200-day moving average, suggesting mixed signals in its short to medium-term performance.

In the broader market context, the Sensex opened higher at 82,574.55, gaining 385.56 points (0.47%), and is currently trading at 82,542.67. The index is nearing its 52-week high, just 4.16% away, and is supported by bullish moving averages. While small-cap stocks are leading the market with a gain of 0.95%, Swiggy's year-to-date performance remains challenging, down 32.98% compared to the Sensex's 5.64% increase.