Why is Swiggy falling/rising?

As of 04-Sep, Swiggy Ltd's stock price is currently at 423.30, reflecting a decrease of 7.35 points or 1.71%. Today's performance indicates that the stock has underperformed its sector by 0.91%, with an intraday low of Rs 421.2, representing a decline of 2.19%. The stock has shown a mixed performance over the past week, gaining 0.56%, but has a year-to-date decline of 21.70%. Despite trading above its moving averages for 5, 20, 50, 100, and 200 days, the stock is facing challenges due to falling investor participation, with delivery volume dropping by 84.58% compared to the 5-day average. Additionally, the company is experiencing operating losses and has a weak long-term fundamental strength, as indicated by a negative EBIT to interest ratio of -34.10. This financial strain is compounded by flat results reported for June 25, where both profit before tax and profit after tax were at their lowest levels.
In the broader market context, Swiggy's short-term return of 0.56% over the past week is slightly below the benchmark Sensex, which has increased by 0.80% in the same period. While institutional holdings are relatively high at 20.91%, indicating some confidence from larger investors, the overall sentiment remains cautious due to the company's negative EBITDA and declining profits over the past year. The stock's performance is further hindered by its risky valuation compared to historical averages, suggesting that investors are wary of its ability to recover in the near term.