Why is Northern ARC falling/rising?

As of 26-Jun, Northern ARC Capital Ltd's stock price is currently at 240.80, reflecting a decrease of 2.6, or 1.07%. The stock has underperformed its sector today by 2.4% and has experienced a trend reversal, falling after three consecutive days of gains. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 12.26% and 12.84%, respectively. However, there has been a significant drop in investor participation, with delivery volume falling by 64.41% compared to the five-day average. The stock remains liquid enough for trading, with a weighted average price indicating more volume traded close to its low price.
In the broader market context, while Northern ARC has outperformed the Sensex in the short term, the recent decline may be attributed to the falling investor participation and the trend reversal after a period of gains. The stock's long-term fundamentals remain strong, with a 38.10% CAGR growth in net sales and a healthy return on equity of 10.5, suggesting an attractive valuation. High institutional holdings at 27.75% indicate that knowledgeable investors are backing the stock, which could provide some stability despite the recent price drop. Overall, while the stock has shown resilience in the long term, the current price movement reflects short-term volatility and reduced trading activity.