Why is Tanfac Inds. falling/rising?

As of 09-Jul, Tanfac Industries Ltd's stock price is rising, currently at 3,950.00, reflecting an increase of 45.75 (1.17%). Today's price summary indicates that the stock outperformed its sector by 1.19%, reaching an intraday high of Rs 3998, although it also touched a low of Rs 3810.5. Over the past month, the stock has shown a remarkable return of 25.65%, and it has generated a substantial 66.99% return over the last year, outperforming the BSE500 index in both the short and long term. The company's strong performance is supported by impressive growth in operating profit and net sales, alongside positive results over the last three consecutive quarters. However, the stock's high valuation, indicated by a Price to Book Value of 15.1, raises concerns about its premium pricing compared to peers.
Broader Market Context: In the short term, Tanfac Industries Ltd's performance has been slightly negative with a 1-week return of -0.70%, while the Sensex has gained 0.15%. This contrast highlights the stock's recent volatility despite its strong long-term growth trajectory. The declining investor participation, with a significant drop in delivery volume, may suggest caution among investors, potentially impacting future price movements. Nonetheless, the overall market context remains supportive of Tanfac's growth, as evidenced by its robust annual returns and positive financial indicators.