Why is Swiggy falling/rising?

As of 09-Sep, Swiggy Ltd's stock price is currently at Rs 436.80, reflecting a decrease of Rs 6.05 or 1.37%. Today's price summary indicates that the stock has underperformed its sector by 3.54% and has experienced a trend reversal, falling after two consecutive days of gains. The stock touched an intraday low of Rs 432.05, and the weighted average price suggests that more volume was traded closer to this low. Despite trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, the company is facing significant challenges, including operating losses and a weak long-term fundamental strength, as evidenced by a poor EBIT to Interest ratio of -34.10. Additionally, while institutional holdings are high at 20.91%, their increased stake of 7.74% over the previous quarter does not mitigate the risks posed by the company's negative EBITDA and declining profits.
In the broader market context, Swiggy's short-term performance shows a 1-week return of +2.63%, which is significantly better than the Sensex's return of +1.18% over the same period. However, the stock's year-to-date performance is concerning, with a decline of 19.20%, contrasting sharply with the Sensex's gain of 3.79%. This disparity highlights the stock's struggles despite some positive investor participation, as indicated by a 72.52% increase in delivery volume compared to the 5-day average. Overall, while there are some positive indicators, the underlying financial issues and recent price movements suggest a challenging environment for Swiggy's stock.