Why is Flex Foods falling/rising?

As of 16-Sep, Flex Foods Ltd is currently priced at 49.88, reflecting an increase of 0.44 or 0.89%. Despite this positive movement today, the stock has shown a significant decline over the longer term, with a year-to-date drop of 30.72% and a staggering 62.68% decrease over the past year. Today's performance indicates that the stock has outperformed its sector by 1.27%, although it is trading below its longer-term moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by 67.65% compared to the five-day average. The company faces challenges such as a high debt-equity ratio of 6.1 times, indicating weak long-term fundamental strength, and negative profitability metrics, including a return on equity of only 9.49%.
In the broader market context, Flex Foods has outperformed the Sensex in the short term, with a 1-week return of 1.82% compared to the benchmark's 1.58%. However, the stock has consistently underperformed against the benchmark over the last three years, which is concerning for investors. The negative financial results reported in June, including a significant drop in profit before tax and net profit, further exacerbate the stock's risk profile. Overall, while there is a slight uptick in the stock price today, the underlying fundamentals and historical performance suggest a challenging outlook for Flex Foods Ltd.