Why is Transglobe Foods falling/rising?

As of 19-Aug, Transglobe Foods Ltd is experiencing a price increase, with its current price at Rs 298.95, reflecting a rise of 5.95 (2.03%). The stock has been gaining momentum, having outperformed its sector by 1.22% today and has shown a consecutive gain over the last two days, accumulating a total return of 6.01%. Additionally, the stock is trading close to its 52-week high, just 3.01% away from Rs 307.95. Over the past month, Transglobe Foods has delivered an impressive return of 11.36%, significantly outperforming the Sensex, which has shown a decline of 0.14%. However, it is important to note that the company has a negative book value and a weak long-term fundamental strength, which could pose risks despite its recent performance.
In the broader market context, Transglobe Foods has outperformed the Sensex in the short term, with a 1-week return of 2.07% compared to the benchmark's 1.76%. While the stock has shown strong returns over the past year and three years, its long-term growth prospects are concerning due to stagnant net sales and high debt levels. The recent price increase may be driven by short-term trading dynamics, as indicated by the stock's movement above various moving averages and a gap up opening. However, the falling investor participation, as evidenced by a significant drop in delivery volume, suggests caution among investors regarding the stock's long-term viability.