Why is Swiggy falling/rising?

As of 03-Sep, Swiggy Ltd's stock price is currently at 430.65, reflecting an increase of 5.05 or 1.19%. The stock has shown a positive performance today, outperforming its sector by 1.74% and reaching an intraday high of Rs 434.9. In terms of returns, the stock has gained 9.78% over the past month, although it has seen a significant decline of 20.34% year-to-date. Despite this recent uptick, the company faces challenges, including operating losses and a weak long-term fundamental strength, as indicated by a negative EBIT to interest ratio of -34.10. Additionally, while institutional holdings have increased, suggesting confidence from larger investors, the company has reported flat results and a negative EBITDA, which raises concerns about its profitability.
In the broader market context, Swiggy's short-term performance has been relatively better than the benchmark Sensex, which has decreased by 0.27% over the past week. However, the stock's year-to-date decline of 20.34% contrasts sharply with the Sensex's gain of 3.11%, indicating that while there may be short-term positive movements, the overall long-term outlook remains precarious. The significant drop in delivery volume by 86.14% against the five-day average also suggests a decline in investor participation, which could further impact the stock's performance moving forward.