Why is Tanfac Inds. falling/rising?

As of 16-Jul, Tanfac Industries Ltd's stock price is currently at Rs 4,583.15, reflecting a decrease of Rs 154.85 or 3.27%. The stock recently hit a new 52-week high of Rs 4,895 but has since fallen after five consecutive days of gains. In today's trading, the stock underperformed its sector by 3.12%, with a day's high of Rs 4,895 and a low of Rs 4,500. Despite a strong performance over the past year, where it generated a return of 96.70%, the stock's recent decline can be attributed to a combination of falling investor participation, as indicated by a 3.1% drop in delivery volume, and a high valuation relative to its peers, with a Price to Book Value of 17.5.
In the broader market context, Tanfac Industries has outperformed the Sensex significantly over various time frames, including a 30.75% increase over the past month compared to a 1.02% rise in the benchmark. However, the stock's recent decline may reflect a market correction after its substantial gains and the high valuation concerns that could deter investors. Additionally, the low stake held by domestic mutual funds, at only 0.19%, suggests a lack of confidence at the current price level, which may further contribute to the stock's downward movement.