Why is Swiggy falling/rising?

As of 14-Jul, Swiggy Ltd's stock price is currently at Rs 393.30, reflecting an increase of Rs 8.45 or 2.2%. The stock has shown a positive performance today, outperforming its sector by 3.23%, and reached an intraday high of Rs 394.65. Over the past week, the stock has gained 4.38%, while it has risen 10.99% over the past month. However, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a poor EBIT to Interest ratio of -49.66. The negative financial results reported for March 25, including a lowest PBDIT of Rs -961.77 crore and a PAT of Rs -1,081.18 crore, contribute to the stock's risky profile, despite the recent uptick in investor participation and liquidity.
In the broader market context, Swiggy's short-term performance contrasts with the benchmark Sensex, which has declined by 1.42% over the past week. While Swiggy's stock has shown resilience in the short term, its year-to-date performance remains concerning, with a decline of 27.25%, compared to the Sensex's gain of 5.27%. This divergence highlights the stock's volatility and the underlying financial difficulties that may hinder its long-term recovery, despite the recent positive momentum.