Swiggy Faces Significant Stock Decline Amid Broader IT Sector Challenges in February 2025

Feb 14 2025 09:35 AM IST
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Swiggy's stock has declined significantly, losing 4.78% on February 14, 2025, after two days of gains. The company underperformed its sector and is trading below key moving averages, indicating a bearish trend. Over the past month, Swiggy's stock has dropped 25.26%, contrasting with the Sensex's minor dip.
Swiggy, a prominent player in the IT software sector, has experienced a notable decline in its stock performance today, losing 4.78% as of February 14, 2025. This downturn marks a reversal after two consecutive days of gains, indicating a shift in momentum for the stock.

In terms of market performance, Swiggy underperformed its sector by 5.17%, reflecting broader challenges within the industry. The stock reached an intraday low of Rs 347.2, down 4.98% during the trading session.

Analyzing moving averages, Swiggy 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. Over the past month, the stock has seen a significant decline of 25.26%, contrasting sharply with the Sensex, which has only dipped by 0.41%.

These performance indicators highlight the current challenges faced by Swiggy in the competitive IT software landscape.
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