Why is Flex Foods falling/rising?

As of 14-Aug, Flex Foods Ltd is currently priced at 51.00, reflecting an increase of 0.43 or 0.85%. The stock has shown a trend reversal by gaining after five consecutive days of decline, outperforming its sector by 1.39%. However, despite this short-term uptick, the stock has significantly underperformed over various time frames, with a year-to-date decline of 29.17% and a staggering 63.31% drop over the past year. The company is facing challenges, including a high debt-equity ratio of 6.1 times, indicating weak long-term fundamental strength, and negative financial results from June 25, where both profit before tax and profit after tax saw substantial declines. Additionally, the stock is trading below all major moving averages, suggesting a bearish trend in the longer term.
In the broader market context, while the Sensex has experienced a minimal decline of 0.03% over the past week, Flex Foods has seen a much steeper drop of 14.14% in the same period. This stark contrast highlights the stock's significant underperformance relative to the benchmark. The company's liquidity appears adequate, with a notable increase in delivery volume, but the overall sentiment remains cautious due to its high debt levels and negative EBITDA, which contribute to its classification as a risky investment.