Why is Swiggy falling/rising?

As of 29-Sep, Swiggy Ltd's stock price is currently at 416.25, reflecting a decline of 4.6 points or 1.09%. The stock has been underperforming, having fallen consecutively for the last six days, resulting in a total drop of 9.75% during this period. Over the past week, Swiggy's stock has decreased by 7.37%, contrasting with a smaller decline of 2.18% in the Sensex. Additionally, the stock's performance today has underperformed its sector by 1.03%. The company is facing significant challenges, including operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -34.10. Furthermore, the stock has a negative EBITDA and has seen a 34% decline in profits over the past year, contributing to its current downward trend.
Broader market context shows that while Swiggy's stock has experienced a slight increase of 1.59% over the past month, it has significantly underperformed on a year-to-date basis with a decline of 23.00%, compared to a 2.85% increase in the Sensex. The stock's liquidity remains adequate for trading, but there has been a notable drop in investor participation, with delivery volume falling by 43.13% against the five-day average. Despite high institutional holdings at 20.91%, which have increased by 7.74% over the previous quarter, the overall sentiment remains cautious due to the company's weak long-term fundamentals and disappointing financial results.