Why is Swiggy falling/rising?

As of 11-Aug, Swiggy Ltd's stock price is rising, currently at 400.30, reflecting an increase of 15.25 or 3.96%. The stock has outperformed its sector by 3.66% today, reaching an intraday high of Rs 404.7, which is a 5.1% increase. However, despite this positive movement, the stock has experienced a year-to-date decline of 25.95%. The company's fundamentals are concerning, as it has reported operating losses and a negative EBITDA, indicating weak long-term strength. Additionally, while institutional holdings have increased, suggesting some confidence from larger investors, the company's ability to service its debt remains weak, with a poor EBIT to Interest ratio of -34.10.
In the broader market context, Swiggy's short-term performance over the past week shows a modest gain of 0.30%, while the benchmark Sensex has declined by 0.51%. Over the past month, Swiggy has outperformed the Sensex, gaining 4.01% compared to the benchmark's drop of 2.30%. Despite the recent price increase, the stock's overall performance remains risky due to its historical valuations and significant profit declines over the past year. The falling investor participation, indicated by a 51.82% drop in delivery volume, may also signal caution among retail investors, impacting future price movements.