Why is Swiggy falling/rising?

As of 26-Jun, Swiggy Ltd's stock price is currently at 405.05, reflecting an increase of 4.85 or 1.21%. The stock has shown a strong performance recently, with a consecutive gain over the last three days, resulting in a total increase of 4.11% during this period. Additionally, it has outperformed its sector by 1.27% today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, despite this positive short-term movement, the company faces significant challenges, including operating losses and weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio of -49.66. The recent financial results have also been disappointing, with a substantial drop in profit before tax and the lowest recorded figures for profit after tax and EBITDA.
In the broader market context, Swiggy's 1-week return of +8.22% significantly outpaces the Sensex's return of +2.94%, indicating strong short-term performance relative to the benchmark. However, the stock's year-to-date performance remains concerning, with a decline of -25.07% compared to the Sensex's increase of +7.19%. This juxtaposition highlights the stock's volatility and the market's cautious sentiment towards its long-term viability, especially given the recent negative earnings reports and the overall weak financial health of the company.