Why is Transglobe Foods falling/rising?

As of 27-Jun, Transglobe Foods Ltd's stock price is currently at 249.65, reflecting an increase of 4.85 or 1.98%. The stock has been on a positive trajectory, gaining for the last 15 consecutive days and achieving a remarkable 69.31% return during this period. Additionally, it has outperformed its sector by 2.6% today. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum. Despite a negative book value and high debt levels, the company reported positive quarterly results, with its highest PBDIT, PBT, and PAT figures, contributing to its recent price rise. However, concerns about long-term growth and profitability persist, as profits have fallen despite significant stock price gains.
In the broader market context, Transglobe Foods has outperformed the benchmark Sensex, which has only increased by 2.00% over the past week, while the stock itself has risen by 10.27%. Over the past month, the stock's return of 25.23% also significantly surpasses the Sensex's 3.07% increase. This strong performance relative to the market highlights investor confidence, despite the underlying risks associated with the company's financial health. The stock's liquidity is adequate for trading, further supporting its upward movement in the market.