Swiggy Faces Continued Stock Decline Amid Broader Market Resilience

Swiggy, a prominent player in the IT software sector, has experienced a notable decline today, with its stock price dropping by 4.65% on May 7, 2025. This downturn marks a continuation of a two-day losing streak, during which the stock has fallen by a total of 5.07%. The stock opened lower, with an initial loss of 3.59%, and reached an intraday low of Rs 322.05, reflecting a decrease of 5.92% at its lowest point.
In terms of performance metrics, Swiggy's stock has underperformed compared to its sector by 4.22% today. While it is currently trading above its 5-day moving averages, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.

In the broader market context, the Sensex opened lower at 79,948.80, down by 692.27 points, and is currently trading at 80,542.10. Despite the recent decline, the Sensex has shown resilience, gaining 7.16% over the past three weeks. However, Swiggy's year-to-date performance remains concerning, with a decline of 39.68% compared to the Sensex's modest gain of 3.12%.