Why is Tanfac Inds. falling/rising?

As of 18-Sep, Tanfac Industries Ltd's stock price is rising, currently at Rs 4,778.75, reflecting an increase of Rs 85.35 or 1.82%. The stock has shown strong performance today, outperforming its sector by 2.32% and achieving a consecutive gain over the last two days with a total return of 7.11%. Additionally, Tanfac has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. The company has reported impressive growth in net sales and operating profit, with net sales increasing by 84.58% and positive results declared for the last four consecutive quarters. However, it is worth noting that despite the strong performance, the stock 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 return of 7.73% over the past week significantly outpaces the Sensex's return of 1.80%, showcasing its strong market position. The stock's year-to-date return of 59.99% and a remarkable 129.53% return over the past year further highlight its market-beating performance. However, the relatively low stake held by domestic mutual funds at only 0.12% may suggest a lack of confidence in the stock's valuation, despite its strong growth metrics. Overall, Tanfac Industries Ltd's rising stock price can be attributed to its robust financial performance and positive investor sentiment, tempered by concerns regarding its valuation relative to peers.