Why is Swiggy falling/rising?

As of 25-Jul, Swiggy Ltd's stock price is currently at 407.80, reflecting a decrease of 11.25 points or 2.68%. The stock has recently underperformed its sector by 1.21% and has experienced a trend reversal, falling after five consecutive days of gains. It touched an intraday low of Rs 406, indicating a decline of 3.11%. Despite trading above its moving averages over various periods, the stock has shown a year-to-date decline of 24.57%, while the benchmark Sensex has gained 4.25%. The company's financial health is concerning, with significant operating losses and a negative EBITDA, which has contributed to its weak long-term fundamental strength. Additionally, while institutional holdings have increased, indicating some confidence from larger investors, the overall financial performance remains troubling, with a substantial drop in profitability.
In the broader market context, Swiggy's short-term performance has been relatively better than the benchmark, as it has gained 4.93% over the past week compared to a slight decline of 0.36% in the Sensex. However, the stock's year-to-date performance starkly contrasts with the benchmark's positive return, highlighting its struggles. The falling investor participation, evidenced by a 29.73% drop in delivery volume, further underscores the challenges the stock faces in attracting consistent interest. Overall, while there are some positive indicators from institutional investors, the negative financial results and declining trading activity suggest a cautious outlook for Swiggy's stock price.