Why is Swiggy falling/rising?

As of 08-Sep, Swiggy Ltd's stock price is currently at 442.85, reflecting an increase of 3.75 (0.85%). The stock has been gaining momentum, having outperformed its sector by 1.7% today and achieving a consecutive gain over the last two days with a total return of 4.62% in that period. Additionally, the stock has shown strong performance over the past week and month, with returns of +3.31% and +15.01%, respectively. However, despite these positive movements, the company faces challenges such as operating losses and a weak long-term fundamental strength, indicated by a negative EBIT to Interest ratio of -34.10. Furthermore, while institutional holdings have increased, reflecting confidence among these investors, the company reported flat results in June with significant losses, which may temper investor enthusiasm.
In the broader market context, Swiggy's recent performance stands out against the benchmark Sensex, which has only risen by 0.53% over the past week and 1.16% over the past month. This indicates that Swiggy's stock is gaining traction relative to the overall market. However, it is important to note that the stock has underperformed year-to-date, with a decline of 18.08% compared to the Sensex's gain of 3.39%. The combination of strong short-term performance and significant long-term challenges creates a complex picture for investors, balancing optimism from recent gains against the backdrop of ongoing financial difficulties.