Why is Tanfac Inds. falling/rising?

As of 04-Jul, Tanfac Industries Ltd is currently priced at 3,911.75, reflecting a decrease of 11.1 points or 0.28%. The stock has been experiencing a downward trend, having lost 4.04% over the last three days. Despite this recent decline, Tanfac has shown strong performance in the longer term, with a 77.68% return over the past year and a remarkable 723.96% increase over the last three years. The company has reported positive financial results, including a significant growth in operating profit and net sales, which supports its strong long-term growth narrative. However, the stock is considered expensive with a high Price to Book Value ratio, and the low participation from domestic mutual funds may indicate some caution among investors regarding its current valuation.
In the broader market context, Tanfac's recent performance contrasts with the Sensex, which has seen a decline of 0.74% over the past week. While Tanfac has outperformed the benchmark significantly in the long term, the recent drop in investor participation, as evidenced by a 72.79% decrease in delivery volume, suggests a potential shift in market sentiment. This decline in trading activity may be contributing to the stock's current price movement, despite its historical outperformance and positive financial indicators.