Why is Tanfac Inds. falling/rising?

As of 24-Sep, Tanfac Industries Ltd is experiencing a decline in its stock price, currently at Rs 4,699.05, which reflects a decrease of Rs 173.75 or 3.57%. Today's price summary indicates that the stock has underperformed its sector by 3.08% and has fallen after five consecutive days of gains, reaching an intraday low of Rs 4,653.35. Despite a strong long-term performance with a year-to-date increase of 57.32% and a remarkable 123.76% rise over the past year, the stock's recent movement is influenced by a decrease in investor participation, as evidenced by a 20.58% drop in delivery volume compared to the five-day average. Additionally, while the company has demonstrated healthy growth in net sales and operating profit, its high valuation and low domestic mutual fund ownership may be contributing to investor caution.
In the broader market context, Tanfac Industries' short-term performance of +0.12% over the past week contrasts with a decline of 1.18% in the Sensex, indicating that the stock has managed to outperform the benchmark in this timeframe. However, the stock's recent downturn may reflect a market correction after a period of significant gains, coupled with concerns over its high price-to-book ratio and limited domestic mutual fund interest. Overall, while the company shows strong fundamentals and growth potential, the current price movement suggests a cautious sentiment among investors in light of its recent performance and valuation concerns.