Why is Swiggy falling/rising?

As of 22-Aug, Swiggy Ltd's stock price is currently at Rs 428.30, reflecting a decrease of Rs 6.75 or 1.55%. The stock has recently underperformed its sector by 0.54% and has experienced a trend reversal, falling after four consecutive days of gains. It reached an intraday low of Rs 421.05, which is a decline of 3.22%. Despite this, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The company has seen a significant increase in delivery volume, rising by 141.46% against the 5-day average, and has high institutional holdings at 20.91%, which have increased by 7.74% over the previous quarter. However, the company is facing challenges with operating losses and a weak long-term fundamental strength, as indicated by a negative EBIT to interest ratio of -34.10 and poor financial results, including a lowest profit before tax of Rs -1,284.00 crore.
In the broader market context, Swiggy's short-term performance shows a 7.95% increase over the past week, which is significantly better than the Sensex's 0.88% gain during the same period. However, the stock has a year-to-date decline of 20.77%, contrasting with the Sensex's 4.05% increase. This disparity highlights the stock's volatility and the risks associated with its current valuation, especially given the negative EBITDA and a 34% drop in profits over the past year. The combination of these factors contributes to the stock's recent downward movement, despite some positive indicators such as rising investor participation and institutional interest.