Why is Flex Foods falling/rising?

As of 01-Aug, Flex Foods Ltd's stock price is currently at 57.40, reflecting an increase of 1.15 or 2.04%. Today's price movement indicates a positive trend as the stock has gained after two consecutive days of decline, opening with a gain of 3.73% and reaching an intraday high of Rs 58.35. Despite this short-term uptick, the stock has underperformed significantly over the past year, with a return of -63.31%, compared to the broader market's decline of -4.13%. The company is facing challenges, including a high debt-to-equity ratio of 6.1 times and negative EBITDA, which contribute to its weak long-term fundamental strength and negative return on equity.
In the broader market context, while Flex Foods has outperformed its sector by 1.34% today, its one-week performance shows a decline of -4.32%, contrasting with the Sensex's smaller drop of -1.06%. The stock's recent rise may be attributed to increased investor participation, as evidenced by a 64.73% rise in delivery volume on July 31. However, the company's ongoing losses and the significant drop in profits by -25.3% over the past year raise concerns about its sustainability and long-term viability, suggesting that the recent price increase may not be indicative of a fundamental recovery.