Why is Swiggy falling/rising?

As of 30-Jun, Swiggy Ltd's stock price is currently at 400.35, reflecting a decrease of 5.25, or 1.29%. The stock has recently underperformed its sector by 1.55% and has experienced a trend reversal, falling after four consecutive days of gains. Despite a positive return of 20.73% over the past month, the stock has a year-to-date decline of 25.94%. The company's financial health is concerning, with significant operating losses and a weak ability to service its debt, as 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 profit after tax, further contribute to the stock's downward pressure.
In the broader market context, Swiggy's short-term performance has outpaced the benchmark Sensex over the past week, with a return of 2.90% compared to the Sensex's 2.09%. However, the stock's year-to-date performance starkly contrasts with the Sensex's positive return of 7.00%. The falling investor participation, evidenced by a 23.94% drop in delivery volume, suggests a lack of confidence among investors, which may be exacerbating the stock's decline. Overall, while there are short-term gains, the long-term fundamentals and recent financial results indicate significant challenges for Swiggy, leading to its current price drop.