Why is Flex Foods falling/rising?

As of 21-Jul, Flex Foods Ltd's stock price is currently at 59.00, reflecting an increase of 1.0 (1.72%). Today's price summary indicates that the stock has outperformed its sector by 2.37% and has shown a trend reversal by gaining after two consecutive days of decline. Despite opening with a loss of 3.1%, the stock reached an intraday high of Rs 60.99, demonstrating significant volatility with a wide trading range of Rs 6.99. However, the stock's long-term performance remains concerning, with a year-to-date decline of 18.06% and a staggering 51.62% drop over the past year. The company is facing challenges such as high debt, negative EBITDA, and reported losses, which contribute to its weak long-term fundamental strength and negative return on equity.
In the broader market context, Flex Foods has significantly underperformed compared to the Sensex, which has gained 5.20% year-to-date. While the stock has shown a short-term positive movement, its long-term performance is troubling, with a decline of 51.62% over the past year and a negative return over the last three years. This stark contrast to the benchmark indicates that while there may be short-term gains, the overall outlook for Flex Foods remains negative, driven by its financial instability and poor historical performance.