Why is Transglobe Foods falling/rising?

As of 18-Jul, Transglobe Foods Ltd is experiencing a price increase, currently at 268.45, reflecting a rise of 5.25 or 1.99%. The stock has shown strong performance, gaining 12.11% over the last six days and outperforming its sector by 2.52% today. It has consistently outperformed the benchmark Sensex over various periods, including a remarkable 73.25% return over the past year and a staggering 272.85% over the last three years. Positive financial results, including the highest quarterly PBDIT, PBT, and PAT, contribute to this upward momentum. However, the company does face challenges, such as a negative book value and high debt levels, which may raise concerns about its long-term fundamental strength.
In the broader market context, Transglobe Foods has significantly outperformed the Sensex, which has seen a decline of 0.90% over the past week, while the stock itself has surged by 10.04%. This stark contrast highlights the stock's strong relative performance amidst a generally weaker market environment. Despite its impressive short-term gains, the company’s high debt and negative book value suggest potential risks that investors should consider, especially given that profits have not kept pace with its stock price increase.