Why is Swiggy falling/rising?

As of 25-Jun, Swiggy Ltd's stock price is currently at 400.20, reflecting an increase of 9.25 or 2.37%. The stock has shown a positive performance today, outperforming its sector by 0.79% and has been on a consecutive gain for the last two days, accumulating a total return of 2.87% during this period. Over the past week, the stock has risen by 9.55%, and in the last month, it has increased by 23.65%. However, despite these short-term gains, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio of -49.66. Recent financial results have also been disappointing, with a reported PBT of -1,201.87 crore, marking a 64.3% decline compared to the previous four-quarter average, which raises concerns about the sustainability of the stock's recent upward movement.
Broader market context shows that while Swiggy has outperformed the Sensex in the short term, with a 1-week return of 9.55% compared to the Sensex's 1.61%, the stock's year-to-date performance remains concerning, with a decline of 25.97% against the Sensex's gain of 5.91%. This disparity highlights the stock's volatility and the potential risks associated with investing in it, especially given its negative EBITDA and falling investor participation, as evidenced by a significant drop in delivery volume. The liquidity of the stock remains adequate for trading, but the overall financial health of the company raises questions about its future performance in the market.