Why is Swiggy falling/rising?

As of 22-Jul, Swiggy Ltd's stock price is currently at Rs 417.00, reflecting an increase of Rs 21.5 or 5.44%. The stock has been on an upward trend, gaining for the last three days with a total return of 8.03% during this period. It has outperformed its sector by 5.66% today and has traded above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant rise in investor participation, with delivery volume increasing by 114.91% compared to the 5-day average. However, the company faces challenges, including operating losses and a weak ability to service its debt, which may impact long-term investor sentiment.
In the broader market context, Swiggy's short-term performance has been notably strong, with a 1-week return of +7.31%, while the benchmark Sensex has declined by 0.47% during the same period. Despite this positive short-term movement, the stock has underperformed year-to-date with a decline of 22.86%, contrasting with the Sensex's gain of 5.18%. The high institutional holdings at 20.91% indicate confidence from larger investors, but the company's negative EBITDA and recent poor financial results suggest underlying risks that could affect future performance.