Why is Swiggy falling/rising?

As of 23-Jul, Swiggy Ltd's stock price is currently at 418.90, reflecting an increase of 1.9 (0.46%). The stock has been gaining momentum, having risen 8.52% over the last four days, and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 446.46% compared to the 5-day average. However, despite these positive indicators, the company faces challenges such as operating losses and a weak long-term fundamental strength, highlighted by a poor EBIT to Interest ratio of -49.66. Furthermore, the company reported negative results for the quarter ending March 25, with a substantial decline in profit before tax and net profit, which raises concerns about its financial health.
In the broader market context, Swiggy's short-term performance has outpaced the benchmark Sensex, which has only increased by 0.11% over the past week, while Swiggy's stock has risen by 7.47% in the same period. Despite this positive short-term return, the company's year-to-date performance shows a decline of 22.51%, contrasting sharply with the Sensex's gain of 5.87%. The high institutional holdings at 20.91% indicate confidence from larger investors, but the overall risk associated with the stock remains due to its negative EBITDA and declining profits over the past year, suggesting that while the stock is experiencing a short-term rise, significant long-term concerns persist.