Why is Flex Foods falling/rising?

As of 28-Oct, Flex Foods Ltd is experiencing a significant rise in its stock price, currently at Rs 58.80, reflecting an increase of Rs 6.13 or 11.64%. The stock has shown strong performance today, outperforming its sector by 12.19% and achieving consecutive gains over the last six days, resulting in a total return of 20.84% during this period. The stock reached an intraday high of Rs 59.5, although it also saw a low of Rs 51, indicating high volatility with an intraday fluctuation of 7.69%. Furthermore, Flex Foods is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bullish trend. However, there has been a decline in investor participation, with delivery volume falling by 11.46% compared to the 5-day average, which may indicate some caution among investors.
In the broader market context, Flex Foods has outperformed the Sensex in the short term, with a 1-week return of 16.37% compared to the benchmark's modest gain of 0.24%. Over the past month, the stock has risen by 24.31%, significantly outpacing the Sensex's increase of 5.22%. Despite this positive short-term performance, the stock has struggled year-to-date and over longer periods, with declines of 18.33% and 43.95% over the respective timeframes. This contrast highlights the stock's recent recovery against a backdrop of previous underperformance, suggesting that while current momentum is strong, longer-term challenges remain.