SWIGGY - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 2.9
| Stock Code | SWIGGY | Market Cap | 68,967 Cr. | Current Price | 250 ₹ | High / Low | 474 ₹ |
| Stock P/E | 158 | Book Value | 75.5 ₹ | Dividend Yield | 0.00 % | ROCE | 2.76 % |
| ROE | 2.65 % | Face Value | 1.00 ₹ | DMA 50 | 279 ₹ | DMA 200 | 336 ₹ |
| Chg in FII Hold | -1.48 % | Chg in DII Hold | 2.91 % | PAT Qtr | 279 Cr. | PAT Prev Qtr | 112 Cr. |
| RSI | 35.8 | MACD | -7.88 | Volume | 68,53,996 | Avg Vol 1Wk | 1,08,23,366 |
| Low price | 247 ₹ | High price | 474 ₹ | PEG Ratio | 5.54 | Debt to equity | 0.01 |
| 52w Index | 1.17 % | Qtr Profit Var | 2,890 % | EPS | -12.4 ₹ | Industry PE | 37.8 |
📊 Chart Analysis: SWIGGY is trading at ₹250, below both the 50 DMA (₹279) and 200 DMA (₹336), indicating bearish pressure. RSI at 35.8 suggests the stock is nearing oversold territory. MACD at -7.88 confirms negative momentum. Bollinger Bands show price near the lower band, reflecting selling pressure. Current volume (68.5L) is below the 1-week average (108.2L), showing reduced participation.
📈 Momentum Signals: Short-term momentum is bearish, but RSI hints at a possible rebound if support holds. MACD remains negative, so caution is advised.
💹 Support & Resistance: Strong support lies near ₹247 (recent low). Immediate resistance is at ₹279 (50 DMA) and ₹336 (200 DMA). Optimal entry zone: ₹248–₹255. Exit zone: ₹275–₹285.
🔄 Trend Status: The stock is currently reversing downward and attempting to consolidate near support levels.
Positive
- ✅ PAT improved significantly from ₹112 Cr. to ₹279 Cr.
- ✅ DII holdings increased by 2.91%, showing strong domestic investor confidence.
- ✅ Very low debt-to-equity ratio of 0.01 indicates financial stability.
Limitation
- ⚠️ Current price below both 50 DMA and 200 DMA, showing weak technical strength.
- ⚠️ Extremely high P/E of 158 compared to industry P/E of 37.8, suggesting severe overvaluation.
- ⚠️ PEG ratio of 5.54 indicates expensive growth expectations.
- ⚠️ ROCE at 2.76% and ROE at 2.65% are very weak.
Company Negative News
- 📉 FII holdings decreased by -1.48%, showing reduced foreign investor confidence.
- 📉 EPS at -12.4 ₹ highlights weak profitability.
- 📉 Stock trading at only 1.17% of its 52-week index, reflecting severe underperformance.
Company Positive News
- 📈 Strong sequential profit growth (+2,890%) highlights operational improvement.
- 📈 Domestic institutional investors increased holdings significantly.
Industry
- 🍴 Food delivery & tech sector trading at industry P/E of 37.8, far lower than SWIGGY’s P/E of 158, highlighting valuation concerns.
- 🍴 Sector supported by rising demand for online food services and digital adoption.
Conclusion
📌 SWIGGY is reversing downward, trading below key moving averages with bearish MACD and weak RSI. Entry around ₹248–₹255 with exit near ₹275–₹285 offers a cautious rebound opportunity. Fundamentals show strong sequential profit growth and low debt, but extreme overvaluation, weak efficiency metrics, and foreign investor outflows are concerns. The stock remains risky and is consolidating near support levels.
For broader context, you could explore a food delivery sector outlook or compare SWIGGY with peers through a valuation comparison.