Why is Swiggy falling/rising?

As of 29-Jul, Swiggy Ltd's stock price is currently at 413.55, reflecting an increase of 6.2 or 1.52%. Today's price summary indicates that the stock has outperformed its sector by 1.61% and has experienced a trend reversal, gaining after two consecutive days of decline. Despite this positive movement, the stock has shown a year-to-date decline of 23.50%. The company faces significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -49.66. Additionally, while institutional holdings have increased by 7.74% over the previous quarter, the company's negative EBITDA and recent poor financial results, including a PBT of -1,201.87 crore, contribute to its risky profile.
In the broader market context, Swiggy's short-term performance over the past week shows a decline of 0.83%, which is better than the benchmark Sensex's decline of 1.03%. Over the past month, Swiggy has gained 1.96%, contrasting with the Sensex's drop of 3.24%. This suggests that while Swiggy is facing significant internal challenges, it is managing to perform relatively better than the broader market in the short term. However, the overall negative sentiment surrounding its long-term fundamentals and recent financial performance may continue to weigh on investor confidence.