Why is Tanfac Inds. falling/rising?

As of 07-Jul, Tanfac Industries Ltd is experiencing a price increase, currently at Rs 4,020.00, which reflects a rise of Rs 108.25 or 2.77%. The stock has shown a strong performance today, outperforming its sector by 3.02% and has gained after three consecutive days of decline. It is also close to its 52-week high, just 3.48% away from Rs 4,160. The stock has demonstrated impressive returns over various periods, including a 60.67% increase over the past year and a staggering 755.23% over the last three years. The company has reported positive financial results, with significant growth in operating profit and net sales, which supports the stock's upward movement.
In the broader market context, Tanfac Industries has outperformed the Sensex, which has seen a slight decline of 0.20% over the past week while Tanfac's return for the same period is +2.60%. Despite the positive performance, there are concerns regarding the stock's high valuation compared to its peers and low domestic mutual fund ownership, which may indicate a lack of confidence at current price levels. However, the company's strong growth metrics and low debt-to-equity ratio suggest a healthy long-term outlook, contributing to the stock's rising price amidst a generally stable market environment.