Why is Northern ARC falling/rising?

As of 24-Jun, Northern ARC Capital Ltd is experiencing a price increase, currently at 233.65, which reflects a rise of 8.2 or 3.64%. The stock has shown strong performance today, outperforming its sector by 2.72% and has gained consecutively over the last two days, resulting in an impressive 11.9% return during this period. Additionally, the stock has touched an intraday high of Rs 240, indicating robust trading activity. It is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which is a positive technical indicator. The recent increase in delivery volume by 27.03% against the 5-day average suggests rising investor participation, further supporting the stock's upward movement. The company has demonstrated strong long-term fundamental strength, with a 38.10% CAGR growth in net sales and a return on equity of 10.5, contributing to its attractive valuation.
In the broader market context, Northern ARC's short-term performance has significantly outpaced the benchmark, with a 1-week return of +7.60% compared to the Sensex's +0.58%. This trend of outperformance is indicative of strong investor sentiment towards the stock, particularly given its high institutional holdings of 27.75%, which often reflect confidence in the company's fundamentals. While the stock has generated a return of 0.00% over the past year, its profits have increased by 22%, suggesting that the recent price movements may be a response to positive earnings growth expectations. Overall, the combination of strong fundamentals, positive technical indicators, and favorable investor sentiment has contributed to the stock's rising price.