Why is Swiggy falling/rising?

As of 06-Aug, Swiggy Ltd's stock price is currently at 394.05, reflecting an increase of 8.3, or 2.15%. The stock has shown a mixed performance recently, with a 1-week decline of 1.98% and a 1-month increase of 2.74%. Today's trading has been positive, with the stock outperforming its sector by 3.44% and reaching an intraday high of Rs 398.7. Despite this, the stock's long-term fundamentals are concerning, as it has reported operating losses and a negative EBITDA, which raises risks for investors. Additionally, while institutional holdings have increased, indicating confidence from larger investors, the company's ability to service its debt remains weak, as evidenced by a poor EBIT to Interest ratio.
In the broader market context, the Sensex has decreased by 1.15% over the past week, which suggests that Swiggy's recent rise is somewhat counter to the overall market trend. However, the stock's year-to-date performance is notably poor, down 27.11%, while the Sensex has gained 3.08% in the same period. This divergence highlights the challenges Swiggy faces despite today's positive movement, as its long-term outlook remains uncertain amidst ongoing operational losses and a significant drop in profits over the past year.