Why is Flex Foods falling/rising?

As of 18-Jul, Flex Foods Ltd is experiencing a decline in its stock price, currently at Rs 58.00, reflecting a decrease of 1.0 (-1.69%). The stock has been underperforming, having fallen consecutively for the last two days with a total return of -4.54% during this period. Although it opened with a gain of 4.92% today and reached an intraday high of Rs 61.9, it also touched a low of Rs 56.5, indicating significant volatility. Over the past week, the stock has shown a positive return of +14.22%, but its longer-term performance is concerning, with a year-to-date decline of -19.44% and a staggering -53.60% drop over the past year. The company is facing challenges such as high debt levels, negative EBITDA, and reported losses, which contribute to its weak long-term fundamental strength and negative return on equity.
In the broader market context, while the Sensex has shown a slight positive return of +0.51% over the past year, Flex Foods has significantly underperformed, with a return of -53.60%. This stark contrast highlights the company's struggles relative to the market. Additionally, the stock's liquidity appears to be decreasing, with a notable drop in delivery volume, which may further impact investor confidence. The combination of high debt, weak financial performance, and underwhelming market returns suggests that the stock's recent decline is influenced by both company-specific issues and broader market dynamics.