Why is Tanfac Inds. falling/rising?

As of 07-Oct, Tanfac Industries Ltd's stock price is currently at Rs 4,313.35, reflecting a decline of Rs 172.2, or 3.84%. The stock has been underperforming recently, having fallen consecutively for the last two days, resulting in a total drop of 5.86%. Today's trading saw the stock reach an intraday high of Rs 4,610 but also dip to a low of Rs 4,300. Despite this decline, the company has shown strong long-term growth, with net sales increasing at an annual rate of 36.50% and operating profit at 55.67%. The company has consistently reported positive results over the last four quarters, which may provide some support for the stock despite its current price movement.
In the broader market context, Tanfac Industries has underperformed compared to the Sensex, which has gained 2.07% over the past week while Tanfac's stock has dropped by 6.38%. This short-term underperformance against the benchmark may be contributing to the stock's decline. However, it is noteworthy that Tanfac has delivered impressive returns over the longer term, with a 119.06% increase in the past year, significantly outperforming the BSE500. The rising investor participation, indicated by a 42.1% increase in delivery volume, suggests that there is still interest in the stock, which could stabilize its price in the future.