Mid Smallcaps under pressure; Suzlon, Swiggy, STL, HFCL slip up to 10%
Swiggy moved higher.
· Business Standard Mkts
In the past four trading days, Nifty Midcap 100 index had rallied 4%, while, Nifty Smallcap 100 index surged 6%, against 1.5% gained in the Nifty 50 till Thursday.
The analysis
Swiggy reported movement of 4%, 6% and 10%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -4.7% on the day at ₹176.50, and has returned -35.5% over three months. It sits 58% below its 52-week high, which means a good deal of bad news was already in the price. The hotels & restaurants sector has moved -0.0% over the same period, so Swiggy is running 35.5 points behind its peers.
For Swiggy, the question is how much of this is already reflected in the price and how much re-rates the hotels & restaurants peer set alongside it.
Market context
- In focus: Swiggy (SWIGGY), in Hotels & Restaurants.
- On the day, 0 of 2 are higher: Swiggy leads at -4.7% and HFCL trails at -5.0%.
- Over three months: Swiggy -35.5% against Hotels & Restaurants -0.0% (35.5 points behind); HFCL +25.8% against Telecom & Media +2.4% (23.4 points ahead).
- At least 25% below the 52-week high: Swiggy (58%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| SwiggySWIGGY · Hotels & Restaurants | ₹176.50 | -4.7% | -27.0% | -35.5% | -57.9% | 1.2× | — |
| HFCLHFCL · Telecom & Media | ₹231.29 | -5.0% | +12.6% | +25.8% | -14.9% | 0.3× | — |
Hotels & Restaurants
1M -2.0% · 3M 0.0%
Swiggy
Telecom & Media
1M +3.3% · 3M +2.4%
HFCL
Prices as of 30 Oct 2026, 14:07 IST. Sector moves are the average of the stocks we track in each sector.
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