Why is Swiggy falling/rising?

As of 10-Nov, Swiggy Ltd's stock price is currently at Rs 386.45, reflecting a decrease of Rs 15.15 or 3.77%. The stock has been underperforming, having fallen consecutively for the last three days, resulting in a total decline of 6.47% during this period. Today's trading saw the stock reach a high of Rs 411 and a low of Rs 380.15, indicating high volatility with an intraday volatility of 5.04%. In terms of performance against benchmarks, the stock has declined by 4.00% over the past week and 11.25% over the past month, while the Sensex has shown a much smaller decline of 0.53% and a gain of 1.25%, respectively. Additionally, the company is facing significant operational challenges, including operating losses and a negative EBITDA, which contribute to its weak long-term fundamental strength.
Broader market context reveals that while the Sensex has gained 6.91% year-to-date, Swiggy's stock has plummeted by 28.51% in the same timeframe, indicating a stark contrast in performance. The stock's liquidity remains adequate for trading, but a notable drop in delivery volume by 51.53% against the five-day average suggests decreasing investor interest. Furthermore, despite high institutional holdings at 28.19%, which have increased by 7.28% over the previous quarter, the company's weak financial metrics, such as a poor EBIT to Interest ratio and declining profitability, are likely driving investor sentiment negatively, leading to the stock's current downward trajectory.