Why is Tanfac Inds. falling/rising?

As of 08-Jul, Tanfac Industries Ltd is experiencing a decline in its stock price, currently at Rs 3,904.25, which reflects a decrease of Rs 115.75 or 2.88%. Today's performance indicates that the stock has underperformed its sector by 2.3%, with an intraday low of Rs 3,865.35, marking a drop of 3.85%. Despite a strong long-term growth trajectory, as evidenced by a 60.79% return over the past year and a staggering 745.35% return over three years, recent trading activity shows a decrease in investor participation, with delivery volume down by 30.27% compared to the five-day average. The stock is trading above its longer-term moving averages but is below its five-day moving average, suggesting some short-term weakness.
In the broader market context, while the Sensex has remained relatively flat with a 0.02% increase over the past week, Tanfac's short-term performance has been negative, with a 4.23% decline over the same period. The company's strong operating profit growth and positive quarterly results indicate solid fundamentals; however, its high valuation, reflected in a Price to Book Value of 14.9, may be causing some investor hesitation. Additionally, the minimal stake held by domestic mutual funds could suggest a lack of confidence at current price levels, contributing to the stock's recent downward movement.