Why is Swiggy falling/rising?

As of 21-Jul, Swiggy Ltd's stock price is currently at Rs 395.50, reflecting an increase of Rs 6.85 or 1.76%. The stock has shown positive momentum, gaining for the last two days with a total return of 2.46% during this period. It has outperformed its sector by 2.26% today, reaching an intraday high of Rs 400.9. However, the stock has also experienced a significant drop in delivery volume, which fell by 68.92% compared to the five-day average, indicating a decline in investor participation. Despite high institutional holdings at 20.91%, which have increased by 7.74% over the previous quarter, the company faces challenges such as operating losses and a weak ability to service its debt, contributing to a negative outlook.
In the broader market context, Swiggy's short-term performance over the past week shows a return of +0.56%, while the benchmark Sensex has slightly declined by 0.06%. Over the past month, Swiggy's stock has risen by 1.38%, contrasting with the Sensex's decrease of 0.25%. However, the year-to-date performance reveals a significant decline of 26.84% for Swiggy, while the Sensex has gained 5.20%. This disparity highlights the stock's underperformance relative to the broader market, despite recent gains. The company's weak long-term fundamentals, including negative EBITDA and poor profit margins, further complicate its position in the market.