Why is Flex Foods falling/rising?

As of 23-Sep, Flex Foods Ltd is experiencing a decline in its stock price, currently at Rs 48.00, which reflects a decrease of Rs 1.8 or 3.61%. The stock has underperformed its sector by 1.81% today, hitting an intraday low of Rs 46.4, which represents a drop of 6.83%. Over the past week, the stock has decreased by 3.77%, and its year-to-date performance shows a significant decline of 33.33%. The company is trading below all its moving averages, indicating a bearish trend. Additionally, there has been a notable drop in investor participation, with delivery volume falling by 86.48% compared to the five-day average. The company's high debt-to-equity ratio of 6.1 times and negative earnings before interest, taxes, depreciation, and amortization (EBITDA) further contribute to its weak long-term fundamentals, resulting in a return on equity of only 9.49%.
In the broader market context, the Sensex has shown a slight increase of 0.98% over the past month, contrasting with Flex Foods' 5.06% decline during the same period. The stock has consistently underperformed against the benchmark, with a staggering 64.17% drop over the past year compared to the Sensex's decline of only 3.33%. This consistent underperformance, coupled with negative financial results and high debt levels, positions Flex Foods as a risky investment, further exacerbating its price decline in the current market environment.