Why is Flex Foods falling/rising?

As of 12-Sep, Flex Foods Ltd's stock price is currently at Rs 49.99, reflecting an increase of Rs 1.09 or 2.23%. The stock has shown positive momentum recently, gaining 2.52% over the last two days and outperforming its sector by 3.12% today. It opened with a notable gain of 3.66% and reached an intraday high of Rs 50.69. However, despite this recent uptick, the stock has experienced significant declines over longer periods, with a year-to-date drop of 30.57% and a staggering 63.91% decrease over the past year. The company's financial health is concerning, highlighted by a high debt-equity ratio of 6.1 times and negative profitability indicators, including a negative EBITDA and a substantial decline in profit before tax and profit after tax in recent quarters.
In the broader market context, Flex Foods' short-term performance of +2.35% over the past week outpaces the Sensex, which has risen by 1.48% in the same timeframe. However, the stock's long-term underperformance is stark, as it has consistently lagged behind the benchmark over the last three years, with a return of -56.61% compared to the Sensex's +36.25%. This persistent underperformance, combined with weak fundamentals and high debt levels, raises concerns about the stock's sustainability despite its recent gains.