Why is Flex Foods falling/rising?

As of 30-Sep, Flex Foods Ltd's stock price is currently at Rs 50.95, reflecting an increase of Rs 1.45 or 2.93%. The stock has shown a positive trend recently, gaining 7.72% over the last two days and outperforming its sector by 2.79% today. It opened with a gain of 2.63% and reached an intraday high of Rs 52.5, although it also experienced significant volatility, trading within a wide range of Rs 5.14. Despite this short-term positive movement, the company faces challenges such as a high debt-equity ratio of 6.1, indicating weak long-term fundamental strength, and negative financial results in June, which included a substantial drop in profit before tax and net profit. The stock has consistently underperformed against benchmarks over the past year and three years, which may contribute to investor caution.
In the broader market context, Flex Foods has outperformed the Sensex in the short term, with a 1-week return of +6.15% compared to the Sensex's -2.23%. However, the stock's year-to-date performance remains concerning, with a decline of -29.24% against the Sensex's modest gain of +2.72%. This juxtaposition highlights the stock's recent recovery amidst a backdrop of overall underperformance and financial instability, suggesting that while there may be short-term gains, the long-term outlook remains uncertain due to the company's financial health and market position.