Why is Tanfac Inds. falling/rising?

As of 11-Jul, Tanfac Industries Ltd's stock price is rising, currently at 4,480.20, reflecting an increase of 175.95 or 4.09%. The stock has recently hit a new 52-week and all-time high of Rs 4,537.95, and it has been on a consecutive gain streak for the last three days, accumulating a total return of 14.75% during this period. The stock has outperformed its sector by 5.44% today, and it is trading above all key moving averages, indicating strong momentum. Additionally, the company has shown impressive growth in operating profit and net sales, with positive results declared for the last three consecutive quarters, contributing to its strong performance in the market.
In the broader market context, Tanfac Industries has significantly outperformed the benchmark Sensex, which has seen a decline of 1.12% over the past week, while Tanfac's stock has surged by 14.53%. This stark contrast highlights the company's robust performance relative to the market. Despite its high valuation, indicated by a Price to Book Value of 17.1, the stock's strong growth metrics and rising investor participation suggest confidence in its future prospects. However, the low stake held by domestic mutual funds may indicate some caution regarding its current price levels.