Why is Northern ARC falling/rising?

As of 30-Jun, Northern ARC Capital Ltd is currently priced at 234.80, reflecting a decline of 4.35 points or 1.82%. The stock has been underperforming, having fallen for the last three days with a total decrease of 3.53% during this period. Today's trading saw the stock touch an intraday low of Rs 231, and the volume traded was more concentrated near this low price, indicating a lack of strong buying interest. Despite this recent downturn, the stock has shown positive performance over the past week and month, with returns of 4.15% and 9.93%, respectively. The company has strong long-term fundamentals, evidenced by a 38.10% compound annual growth rate (CAGR) in net sales and a return on equity (ROE) of 10.5, which suggests an attractive valuation. However, the recent drop in delivery volume by 81.63% compared to the five-day average indicates falling investor participation, which may be contributing to the stock's current decline.
In the broader market context, Northern ARC's recent performance contrasts with the benchmark Sensex, which has increased by 2.09% over the past week and 2.65% over the past month. While Northern ARC has outperformed the benchmark in the longer term, with an 8.03% year-to-date return compared to the Sensex's 7.00%, the current short-term underperformance may be affecting investor sentiment. The high institutional holdings at 27.75% suggest that more sophisticated investors are backing the stock, but the recent price movement and declining trading volume could signal caution among retail investors. Overall, while the company has strong fundamentals, the recent price decline reflects immediate market pressures and investor behavior.