Why is Swiggy falling/rising?

As of 13-Jun, Swiggy Ltd's stock price is currently at Rs 354.35, reflecting a decrease of Rs 2.1 or 0.59%. The stock has underperformed its sector by 0.64% today, having touched an intraday low of Rs 345.8, which represents a decline of 2.99%. Over the past week, the stock has fallen by 5.44%, while it has shown a positive return of 14.14% over the past month. However, year-to-date, the stock has significantly underperformed, with a decline of 34.45%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -49.66. Recent negative results, including a substantial loss in profit before tax and the lowest recorded figures for profit after tax, further exacerbate the stock's downward trajectory.
In the broader market context, the Sensex has decreased by 1.30% over the past week, indicating that while Swiggy's decline is notable, it is not entirely isolated from market trends. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 3.81%, highlighting its significant underperformance. The falling investor participation, with a delivery volume drop of 54.23% against the five-day average, suggests a lack of confidence among investors, contributing to the stock's current downward movement. Overall, the combination of poor financial results, weak fundamentals, and declining investor interest are key factors driving Swiggy's stock price down.