Why is Swiggy falling/rising?

As of 30-Jul, Swiggy Ltd's stock price is currently at 402.00, reflecting a decrease of 11.55, or 2.79%. The stock has underperformed its sector today by 2.9%, having touched an intraday low of Rs 399.1, which represents a decline of 3.49%. Over the past week, the stock has seen a return of -4.03%, while it has managed a slight increase of 0.41% over the past month. However, year-to-date, the stock has significantly underperformed with a decline of 25.64%. The company is facing 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, the stock is trading at risky valuations, with negative EBITDA and a substantial drop in profits over the past year.
In the broader market context, the Sensex has experienced a decline of 1.50% over the past week, which suggests that while Swiggy is also falling, it is doing so at a greater rate than the benchmark. The company's high institutional holdings at 20.91% may provide some support, as these investors typically have better resources to analyze the company's fundamentals. However, the significant drop in delivery volume by 82.79% against the 5-day average indicates a lack of investor participation, further contributing to the stock's downward pressure. Overall, the combination of weak financial performance and declining investor interest is leading to the stock's current downward trajectory.