Why is Tanfac Inds. falling/rising?

As of 17-Jul, Tanfac Industries Ltd's stock price is rising, currently at 4,881.65, reflecting an increase of 298.5 (6.51%). The stock has shown significant volatility today, opening with a loss of 5.04% but reaching an intraday high of Rs 4,961.4, which is also a new 52-week and all-time high. Over the past week, Tanfac has outperformed the Sensex, gaining 13.41% compared to the benchmark's decline of 1.12%. The company has demonstrated strong financial performance, with net sales growing by 84.58% and positive results for the last four consecutive quarters, contributing to its robust annual growth rate of 40.92% in operating profit. However, the stock's high valuation, indicated by a Price to Book Value of 18.6, may raise concerns among investors, particularly given the low domestic mutual fund ownership of only 0.19%.
In the broader market context, Tanfac's impressive year-to-date return of 63.43% significantly outpaces the Sensex's 5.27% increase, showcasing its strong market performance. The stock's ability to generate a return of 109.51% over the past year further emphasizes its market-beating performance. Despite the positive momentum, the high volatility and premium valuation compared to peers may create caution among some investors, potentially impacting future price movements. Overall, Tanfac's strong fundamentals and recent performance have contributed to its rising stock price, even amidst broader market fluctuations.