Why is Flex Foods falling/rising?

As of 18-Sep, Flex Foods Ltd's stock price is currently at 51.50, reflecting an increase of 0.51 or 1.0%. The stock has shown a positive trend recently, gaining 4.17% over the last three days and outperforming its sector by 0.61%. However, despite this short-term gain, the stock has experienced significant underperformance over longer periods, with a year-to-date decline of 28.47% and a staggering 62.19% drop over the past year. The company is facing challenges, including a high debt-equity ratio of 6.1 times, which indicates weak long-term fundamental strength. Additionally, negative results reported for June, including a substantial fall in profit before tax and profit after tax, further contribute to concerns about the company's profitability and overall financial health.
In the broader market context, Flex Foods' recent short-term performance of +5.32% over the past week contrasts with the Sensex's gain of 1.80%, indicating that the stock has been performing better than the benchmark in the short term. However, the stock's long-term returns remain concerning, as it has consistently underperformed against the benchmark over the last three years. The negative EBITDA and declining profits, alongside the company's high debt levels, suggest that while there may be some short-term optimism reflected in the recent price movement, the underlying financial issues could pose significant risks moving forward.