Northern ARC Capital Faces Significant Decline Amid Broader Market Weakness

Northern ARC Capital, a small-cap player in the Non-Banking Financial Company (NBFC) sector, has experienced a significant decline today, with shares dropping by 7.01%. This performance marks a stark underperformance compared to the sector, which has seen a decline of 6.69%. Over the past five days, Northern ARC Capital has faced consecutive losses, totaling a 13.18% decrease in returns.
The stock reached an intraday low of Rs 234.1, reflecting a 7.29% drop at its lowest point. In terms of moving averages, the stock is currently positioned above the 50-day, 100-day, and 200-day moving averages, yet it remains below the 5-day and 20-day moving averages, indicating mixed short-term momentum.

In the broader market context, the Sensex has also been on a downward trajectory, falling by 429.66 points today, or 0.73%. The index has now recorded three consecutive weeks of losses, down 1.98% over that period. While Northern ARC Capital's performance over the last three months shows a gain of 9.78%, its year-to-date performance stands at 7.94%, outpacing the Sensex's 3.50% gain. However, over longer time frames, the stock has not shown growth, with a flat performance over the past year, three years, five years, and ten years compared to the Sensex's substantial gains.