Swiggy Ltd. (CMP: ₹375, Stop Loss: 345) is showing strong bullish momentum in today’s trading session, gaining over 3% as it breaks out of a consolidation base. Technical indicators point toward a positive short-term trend, with the stock now comfortably trading above its 10-day and 21-day moving averages.

Source: NSE

Over the past few weeks, Swiggy has seen consistent volume accumulation, a sign of growing investor interest and potential institutional participation. The breakout above key resistance levels is being closely watched by traders and analysts, who view the technical strength as a sign of further upside potential.

Swiggy Ltd., including its platform Swiggy Scootsy, operates as a general carrier and delivery service provider. The company facilitates the collection, distribution, and delivery of goods through mobile and web-enabled platforms, connecting users with various carriers for seamless logistics.

With the Indian digital delivery market expanding rapidly and Swiggy continuing to strengthen its operational base, today’s market action reflects growing investor confidence in the company’s long-term growth prospects.

Note: Charts and prices are as of 1 PM.

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