Why is Northern ARC falling/rising?

As of 02-Jul, Northern ARC Capital Ltd is currently priced at 239.80, reflecting an increase of 1.3 or 0.55%. The stock has shown positive momentum, gaining for the last two days with a total return of 2.13% during this period. It is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong short-term performance. However, there has been a decline in investor participation, with delivery volume falling by 8.62% compared to the 5-day average. Despite this, the stock has demonstrated healthy long-term growth, with net sales increasing at a compound annual growth rate (CAGR) of 38.10%, and a return on equity (ROE) of 10.5%, suggesting an attractive valuation.
In the broader market context, Northern ARC's performance over the past week has been slightly negative, with a decline of 1.48%, while the benchmark Sensex has increased by 0.79%. However, over the past month, Northern ARC has outperformed the Sensex, achieving a return of 9.35% compared to the benchmark's 2.50%. The stock's strong institutional holdings at 27.75% may provide additional stability and confidence among investors, as these entities typically have better analytical capabilities. Overall, while the stock has faced some short-term challenges in terms of trading volume, its long-term fundamentals remain robust, contributing to its recent price rise.