Why is Northern ARC falling/rising?

As of 01-Jul, Northern ARC Capital Ltd's stock price is currently at Rs 238.50, reflecting an increase of Rs 3.7, or 1.58%. The stock has shown a positive trend today, having outperformed its sector by 1.72% and reversing a three-day decline. It reached an intraday high of Rs 240.3, although it also saw a low of Rs 224.65. Over the past week, the stock has gained 2.08%, and in the last month, it has risen by 11.66%. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a notable decline in investor participation, with delivery volume falling by 49.02% compared to the 5-day average. The company boasts strong long-term fundamentals, with a 38.10% CAGR growth in net sales and a healthy return on equity of 10.5%, contributing to its attractive valuation.
In the broader market context, Northern ARC's short-term performance has outpaced the Sensex, which has increased by 2.00% over the same week. The stock's year-to-date return of 9.73% also exceeds the Sensex's 7.11%, reflecting its strong relative performance. High institutional holdings at 27.75% suggest that informed investors are confident in the company's fundamentals, further supporting the stock's upward movement despite the recent drop in trading volume. Overall, the combination of strong fundamentals, positive short-term performance, and institutional confidence contributes to the stock's rising price.