Why is Tanfac Inds. falling/rising?

As of 15-Jul, Tanfac Industries Ltd's stock price is rising, currently at Rs. 4,738.00, reflecting an increase of Rs. 143.25 or 3.12%. The stock has recently hit a new 52-week and all-time high of Rs. 4,769.9, and it has outperformed its sector by 2.03%. Over the past week, Tanfac has gained 21.35%, and it has shown strong performance with a year-to-date increase of 58.62% and a remarkable 107.08% rise over the past year. The company has reported positive financial results for the last three consecutive quarters, with significant growth in operating profit and net sales, which has contributed to the stock's upward momentum. However, it is trading at a premium compared to its peers, indicated by a high Price to Book Value ratio, which may raise concerns among some investors.
In the broader market context, Tanfac's short-term performance stands in stark contrast to the benchmark Sensex, which has declined by 1.36% over the past week. This significant outperformance highlights the stock's strong market position and investor confidence, despite the relatively low stake held by domestic mutual funds, which could suggest caution regarding its valuation. The rising investor participation, as evidenced by a 39.16% increase in delivery volume, further supports the stock's positive trajectory, indicating a growing interest among investors in Tanfac Industries Ltd.