Why is Tanfac Inds. falling/rising?

As of 02-Jul, Tanfac Industries Ltd is experiencing a decline in its stock price, currently at Rs. 3,978.00, which reflects a decrease of Rs. 98.5 or 2.42%. Despite this drop, the stock has shown strong performance over the past week, with a return of 14.28%, and an impressive 86.04% increase over the last year. The stock reached a new 52-week high of Rs. 4,160 earlier today but has since fallen, indicating a trend reversal after three consecutive days of gains. The stock's performance today has underperformed its sector by 1.53%, and it traded more volume closer to its intraday low of Rs. 3,892, suggesting some selling pressure. While the company has reported positive financial results and healthy growth in operating profit, it is also facing challenges with a high valuation relative to its peers, which may be contributing to the current price decline.
In the broader market context, Tanfac Industries Ltd has outperformed the benchmark Sensex significantly over various periods, including a year-to-date return of 33.18% compared to the Sensex's 6.75%. However, the stock's recent underperformance today may reflect a market correction after reaching its all-time high. The relatively low stake held by domestic mutual funds could indicate a lack of confidence at current price levels, which may be affecting investor sentiment. Overall, while the company has demonstrated strong growth and market-beating performance, the recent price movement suggests a cautious approach from investors amidst high valuations and potential profit-taking after a strong rally.