Why is Flex Foods falling/rising?

As of 24-Sep, Flex Foods Ltd is currently priced at 48.98, reflecting an increase of 0.98, or 2.04%. Despite this uptick, the stock has shown a significant decline over the past year, with a return of -63.17%, and has consistently underperformed against the benchmark BSE500 over the last three years. Today's performance indicates that the stock has outperformed its sector by 1.35%, but it is trading below all key moving averages, suggesting a bearish trend. Additionally, there has been a notable decrease in investor participation, with delivery volume falling by 35.86% compared to the five-day average. The company's financial health is concerning, highlighted by a high debt-equity ratio of 6.1 times and negative profitability metrics, including a negative EBITDA and a significant drop in profit before tax and profit after tax in the latest quarter.
In the broader market context, while the Sensex has shown a slight increase of 4.58% year-to-date, Flex Foods has experienced a stark decline of 31.97% in the same period. This stark contrast indicates that the stock is not only underperforming relative to the market but also facing significant challenges that have led to its poor performance. The company's weak long-term fundamental strength, coupled with high debt and declining profitability, paints a troubling picture for investors, contributing to the stock's overall downward trajectory despite today's minor price increase.