Why is Flex Foods falling/rising?

As of 21-Aug, Flex Foods Ltd is experiencing a price increase, currently at Rs 51.95, reflecting a rise of 1.7 or 3.38%. The stock opened with a gain of 3.38% today and touched an intraday high of Rs 54.85, which is a 9.15% increase. Despite this positive movement, the stock has underperformed over the longer term, with a year-to-date decline of 27.85% and a staggering 63.95% drop over the past year. The company is facing significant challenges, including a high debt-equity ratio of 6.1 times, indicating weak long-term fundamental strength. Negative financial results reported for June, including a profit before tax of Rs -17.17 crore and a profit after tax of Rs -12.96 crore, further highlight the company's struggles, contributing to its risky trading status.
In the broader market context, Flex Foods has outperformed its sector by 4.32% today, while the benchmark Sensex has shown a modest gain of 1.74% over the past week. However, the stock's performance over the last month has been disappointing, with a decline of 11.95%, contrasting sharply with the Sensex's slight drop of only 0.24%. This underperformance is compounded by the company's negative EBITDA and a significant fall in profits over the past year, which has led to a perception of risk among investors. Overall, while there is a short-term uptick in price, the long-term outlook remains concerning due to the company's financial instability and poor historical performance compared to the market.