Why is Swiggy falling/rising?

As of 28-Jul, Swiggy Ltd's stock price is currently at 407.35, reflecting a decrease of 0.45, or 0.11%. The stock has been experiencing a downward trend, having fallen for the last two days with a total return decline of 2.79%. Despite outperforming its sector by 1.11% today, the stock's delivery volume has significantly decreased, dropping by 77.31% compared to the 5-day average. Additionally, the stock has shown a year-to-date decline of 24.65%, contrasting with a positive return of 3.52% from the Sensex. The company's high institutional holdings at 20.91% and an increase of 7.74% in their stake over the previous quarter suggest some level of confidence among institutional investors, but the company's weak long-term fundamentals, highlighted by operating losses and negative EBITDA, contribute to the stock's current challenges.
In the broader market context, Swiggy's short-term performance has been relatively better than the benchmark, as it recorded a 3.00% increase over the past week while the Sensex fell by 1.59%. However, the overall market sentiment appears to be unfavorable, as indicated by the stock's significant year-to-date decline compared to the benchmark's positive performance. The company's recent negative financial results, including a substantial loss in profit before tax and a weak ability to service its debt, further exacerbate the risk associated with the stock, leading to its current downward movement.