Why is Transglobe Foods falling/rising?

As of 23-Jun, Transglobe Foods Ltd is experiencing a price increase, currently at 230.90, reflecting a rise of 4.5 or 1.99%. The stock has shown significant momentum, gaining for the last 11 days and achieving a remarkable 56.6% return during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. Despite underperforming its sector by 0.76% today, the stock has generated a substantial return of 36.14% over the past year, significantly outpacing the market's performance. Positive financial results, including the highest quarterly PBDIT, PBT, and PAT, have contributed to investor confidence, although concerns about the company's negative book value and high debt levels remain.
In the broader market context, Transglobe Foods has outperformed the benchmark Sensex, which has only seen a 0.12% increase over the past week. The stock's impressive 1-week return of 16.94% further highlights its strong performance relative to the market. However, the company faces challenges due to its weak long-term fundamental strength and negative book value, which could pose risks for future growth. Despite these concerns, rising investor participation and liquidity suggest that there is still significant interest in the stock, contributing to its current upward price movement.