Why is Northern ARC falling/rising?

As of 25-Jun, Northern ARC Capital Ltd is experiencing a price increase, currently at 243.40, which reflects a rise of 9.75 or 4.17%. The stock has shown strong performance today, outperforming its sector by 3.56%, and has been on a consecutive gain streak for the last three days, accumulating a total return of 16.57% during this period. It reached an intraday high of Rs 246.5, indicating robust trading activity, and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a notable decline in delivery volume by 48.93% against the 5-day average, the stock maintains a healthy long-term growth trajectory, supported by a 38.10% CAGR in net sales and a strong return on equity of 10.5%, which contributes to its attractive valuation.
In the broader market context, Northern ARC's short-term performance over the past week shows a return of 11.12%, significantly outperforming the Sensex, which only gained 1.61% in the same period. This trend of outperformance is consistent, as the stock has also outpaced the benchmark over the last month and year-to-date. The high institutional holdings at 27.75% suggest that informed investors are confident in the company's fundamentals, further supporting the stock's upward movement. Overall, the combination of strong financial performance, positive market sentiment, and favorable comparisons to the benchmark indices contribute to the stock's rising price.