Why is Swiggy falling/rising?

As of 07-Aug, Swiggy Ltd's stock price is currently at 398.35, reflecting an increase of 4.3, or 1.09%. The stock has been gaining momentum, having risen 3.27% over the last two days and outperforming its sector by 0.41% today. Despite a recent decline of 1.35% over the past week, the stock has shown a positive return of 5.72% over the past month. However, the company faces significant challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative EBIT to Interest ratio of -34.10. Additionally, the company reported its lowest profit before tax and profit after tax in the latest quarter, which raises concerns about its financial health. While institutional holdings have increased, suggesting some investor confidence, the overall risk associated with negative EBITDA and declining profits cannot be overlooked.
In the broader market context, the Sensex has declined by 0.69% over the past week, indicating that Swiggy's recent performance is relatively better than the benchmark. However, the stock's year-to-date performance shows a significant decline of 26.31%, contrasting sharply with the Sensex's positive return of 3.18%. This disparity highlights the stock's volatility and the challenges it faces in the market. Despite the recent uptick in price and increased investor participation, the underlying financial issues and the company's ability to service its debt remain critical factors that could influence future stock movements.