Why is Swiggy falling/rising?

As of 01-Jul, Swiggy Ltd's stock price is currently at Rs 393.60, reflecting a decrease of Rs 6.75 or 1.69%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total decline of 2.96%. Additionally, the stock's performance today has underperformed its sector by 1.19%. Over the past week, it has shown a modest gain of 0.68%, but its year-to-date performance remains significantly negative at -27.19%. The company's financial health is concerning, with operating losses and a weak ability to service its debt, highlighted 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, while the Sensex has gained 2.00% over the past week, Swiggy's stock has lagged behind, indicating a lack of investor confidence compared to the overall market. The stock's liquidity appears adequate, but a notable decline in delivery volume by 26.66% against the five-day average suggests waning investor interest. The stock's performance over the last month shows a gain of 18.70%, but this is overshadowed by its significant year-to-date decline, contrasting sharply with the Sensex's 7.11% increase. Overall, the combination of weak financial fundamentals and negative market sentiment is driving the stock's recent decline.