Why is Swiggy falling/rising?

As of 24-Sep, Swiggy Ltd's stock is currently priced at 438.55, reflecting a decline of 10.6 points or 2.36%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total drop of 4.91% during this period. Despite opening with a gain of 2.16% today and reaching an intraday high of Rs 461, it ultimately touched a low of Rs 435.8. Over the past week, the stock has decreased by 0.57%, while it has shown a modest increase of 2.39% over the last month. However, year-to-date, it has significantly underperformed with a decline of 18.88%. The stock's fundamentals are concerning, as it is facing operating losses and a negative EBITDA, which contribute to its weak long-term strength. Additionally, while institutional holdings have increased, indicating some confidence, the overall financial health remains precarious with a poor EBIT to interest ratio.
In the broader market context, Swiggy's performance is relatively better than the benchmark Sensex in the short term, as the Sensex has declined by 1.18% over the past week. However, the stock's year-to-date performance starkly contrasts with the Sensex's gain of 4.58%, highlighting its struggles in a generally improving market. The stock's liquidity remains adequate for trading, but a significant drop in delivery volume suggests waning investor interest. Overall, the combination of recent operational losses, negative profitability trends, and declining investor participation contributes to the stock's downward trajectory, despite some positive signals from institutional investors.