Why is Flex Foods falling/rising?

As of 24-Jun, Flex Foods Ltd is experiencing a decline in its stock price, currently at Rs 57.02, which reflects a decrease of Rs 2.08 or 3.52%. The stock has underperformed its sector by 3.96% today and has been on a downward trend for the last two days, resulting in a total decline of 5.24% during this period. Additionally, the stock has shown significant underperformance over the past year, with a staggering return of -56.74%, while the broader market has generated positive returns of 6.10%. The company's high debt-to-equity ratio of 5.07 times indicates weak long-term fundamental strength, and its negative EBITDA further contributes to its risk profile. The stock's profitability is low, as evidenced by an average return on equity of only 9.49%, and recent flat results have not instilled confidence among investors.
In the broader market context, Flex Foods' short-term performance has been notably poor compared to the benchmark, as it has declined by 9.06% over the past week while the Sensex has increased by 0.58%. This stark contrast highlights the stock's struggles relative to the market. Furthermore, the falling investor participation, with a decrease in delivery volume, suggests a lack of confidence among traders, which may be exacerbating the stock's decline. Overall, the combination of high debt, low profitability, and significant underperformance against the market has contributed to the stock's current downward trajectory.