Why is Flex Foods falling/rising?

As of 15-Jul, Flex Foods Ltd's stock price is currently at Rs 58.40, reflecting an increase of Rs 7.4 or 14.51%. The stock has shown a strong performance today, outperforming its sector by 13.87% and achieving a consecutive gain over the last two days with a total return of 15.01%. Despite this positive movement, the stock has faced significant challenges, including a year-to-date decline of 18.89% and a staggering 52.71% drop over the past year. The company has high debt levels, indicated by a debt-equity ratio of 5.07 times, and has reported negative returns on equity, which contribute to its weak long-term fundamental strength. Additionally, the stock has been trading at risky valuations, with a negative EBITDA and a consistent underperformance against the benchmark over the last three years.
In the broader market context, the stock's recent rise contrasts sharply with the Sensex, which has experienced a decline of 1.36% over the past week. While Flex Foods has gained 14.53% in the same timeframe, its longer-term performance remains concerning, with a 1-month return of -2.83% compared to the Sensex's positive return of 1.79%. This divergence highlights the stock's volatility and the challenges it faces despite today's gains. The falling investor participation, with a significant drop in delivery volume, further underscores the cautious sentiment surrounding the stock, suggesting that while there may be short-term gains, the overall outlook remains precarious.