Why is Swiggy falling/rising?

As of 02-Sep, Swiggy Ltd's stock price is currently at 425.60, reflecting a decrease of 3.05, or 0.71%. The stock has underperformed the sector today, with a performance that is 0.78% lower than the sector average. Over the past week, Swiggy's stock has declined by 1.25%, while it has shown a positive return of 8.49% over the past month. However, year-to-date, the stock has significantly underperformed, with a decline of 21.27%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, indicated by a poor EBIT to Interest ratio of -34.10. Additionally, the stock is trading at a risky valuation compared to its historical averages, and its profits have fallen by 34% over the past year.
In the broader market context, Swiggy's short-term return of -1.25% over the past week contrasts with the Sensex, which has decreased by only 0.78%. This indicates that Swiggy is struggling more than the overall market. The company's high institutional holdings at 20.91% suggest that these investors, who typically have better resources for analysis, are still backing the stock despite its challenges, as their stake has increased by 7.74% in the previous quarter. However, the significant drop in delivery volume by 74.12% against the 5-day average raises concerns about investor participation and market confidence in the stock's future performance.