Why is Tanfac Inds. falling/rising?

As of 22-Sep, Tanfac Industries Ltd's stock price is rising, currently at 4,865.00, reflecting an increase of 76.55, or 1.6%. The stock has shown strong performance recently, gaining 9.05% over the last four days and is currently 4.1% away from its 52-week high. It has outperformed its sector by 2.43% today and is trading above all its moving averages, indicating a positive trend. The company has demonstrated robust growth, with net sales increasing by 84.58% and positive results reported for the last four consecutive quarters. However, the stock's valuation is considered expensive, with a high Price to Book Value ratio, which may raise concerns among investors.
In the broader market context, Tanfac Industries has significantly outperformed the benchmark Sensex, with a 7.92% return over the past week compared to the Sensex's 0.46%. Over the past year, Tanfac has generated a remarkable 132.33% return, while the Sensex has declined by 2.82%. Despite this strong performance, there are indications of falling investor participation, as delivery volume has decreased significantly. Additionally, the low stake held by domestic mutual funds may suggest a lack of confidence at current price levels, which could impact future stock movements.