Why is Tanfac Inds. falling/rising?

As of 10-Jul, Tanfac Industries Ltd is experiencing a significant rise in its stock price, currently at 4,304.25, reflecting an increase of 354.25 or 8.97%. The stock has recently hit a new 52-week and all-time high of Rs. 4410, demonstrating strong performance with a 10.25% increase over the last two days. In terms of returns, Tanfac has outperformed the Sensex, with a 9.72% increase over the past week and an impressive 86.09% over the past year. The company's positive financial results, including a 40.92% annual growth in operating profit and consistent positive results over the last three quarters, contribute to the bullish sentiment surrounding the stock. However, it is trading at a premium compared to its peers, which may raise concerns among some investors.
In the broader market context, Tanfac's short-term performance stands in stark contrast to the Sensex, which has seen a negligible change of -0.06% over the past week. This indicates that Tanfac is not only outperforming the market but also demonstrating strong resilience and growth potential in a relatively stagnant market environment. Despite the high volatility and a decrease in investor participation, the stock's liquidity remains adequate for trading, suggesting that investor confidence is still present. Overall, the combination of strong financial growth, market-beating performance, and the recent price surge reflects a positive outlook for Tanfac Industries Ltd amidst a challenging market backdrop.