Why is Tanfac Inds. falling/rising?

As of 23-Sep, Tanfac Industries Ltd's stock price is rising, currently at 4,865.00, reflecting an increase of 11.15 (0.23%). The stock has shown strong performance recently, gaining 9.05% over the past week and outperforming its sector by 0.79% today. It has been on a consecutive gain streak for the last five days and is trading above all key moving averages, indicating positive momentum. The company has also reported impressive growth in net sales and operating profit, with a significant annual growth rate of 36.50% and 55.67%, respectively. However, it is trading at a premium valuation compared to its peers, which may raise concerns among some investors.
In the broader market context, Tanfac Industries has significantly outperformed the benchmark Sensex, which has declined by 0.34% over the past week while Tanfac's stock has risen. The stock has generated a remarkable 132.78% return over the past year, contrasting sharply with the Sensex's decline of 3.33% during the same period. Despite the positive performance, the low stake of domestic mutual funds in the company may indicate some caution regarding its current valuation. Overall, the stock's recent upward movement can be attributed to strong financial results and positive investor sentiment, despite the concerns regarding its high valuation.