Why is Swiggy falling/rising?

As of 13-Aug, Swiggy Ltd's stock price is currently at 400.35, reflecting an increase of 8.25 or 2.1%. The stock has shown positive performance today, outperforming its sector by 1.96% and reaching an intraday high of Rs 405.5, which is a 3.42% increase. Over the past week, the stock has gained 1.60%, while it has risen 4.03% over the past month. However, the stock's year-to-date performance is concerning, with a decline of 25.94%. Despite high institutional holdings at 20.91% and a notable increase of 7.74% in their stake over the previous quarter, 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 -34.10. Additionally, the company reported flat results in June with the lowest profit before tax and profit after tax figures, alongside a negative EBITDA, which raises concerns about its long-term fundamental strength.
In the broader market context, Swiggy's short-term performance has been relatively strong compared to the benchmark Sensex, which has remained flat with a change of -0.01% over the past week and a decline of 2.38% over the past month. This indicates that while Swiggy is experiencing a rise in its stock price, the overall market sentiment may not be as favorable. However, the stock's liquidity remains adequate for trading, with a delivery volume that, despite a recent decline, still supports a trade size of Rs 9.29 crore. The mixed signals from both positive institutional interest and negative financial fundamentals suggest that while there is some upward momentum, significant risks remain that could impact future performance.