Why is Flex Foods falling/rising?

As of 31-October, Flex Foods Ltd's stock price is currently at 65.40, reflecting an increase of 4.93, or 8.15%. The stock has been on a positive trajectory, gaining for the last nine days and achieving a remarkable 34.4% return during this period. It opened today with a gain of 3.03% and reached an intraday high of Rs 68.9, although it also experienced a low of Rs 57.08, indicating high volatility with an intraday fluctuation of 9.38%. Despite this volatility, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. However, there has been a decline in investor participation, with delivery volume falling by 35.47% compared to the 5-day average, which could indicate a potential concern for sustained momentum.
In the broader market context, Flex Foods has significantly outperformed the Sensex in the short term, with a 1-week return of +26.23% compared to the benchmark's -0.32%. Over the past month, the stock has also outperformed the Sensex, gaining 34.24% against the benchmark's +3.65%. However, it is important to note that year-to-date, the stock is down 9.17%, contrasting with the Sensex's positive return of 7.42%. This mixed performance highlights the stock's recent strength in the short term while still grappling with longer-term challenges.