Why is Northern ARC falling/rising?

As of 03-Jul, Northern ARC Capital Ltd is currently priced at 239.80, with no change in price (0.00%). The stock has shown a mixed performance recently, with a slight decline of 0.42% over the past week, but a significant increase of 11.98% over the past month. Today, the stock has outperformed its sector by 0.52%, and it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, there has been a notable decrease in investor participation, with delivery volume falling by 46.57% compared to the 5-day average. Despite this, the stock demonstrates strong long-term fundamentals, with a 38.10% compound annual growth rate (CAGR) in net sales and a return on equity (ROE) of 10.5, indicating a very attractive valuation.
In the broader market context, Northern ARC's performance over the past month significantly outpaces the benchmark Sensex, which has only increased by 3.10% during the same period. While the stock has generated a flat return over the past year, its profits have risen by 22%, suggesting underlying strength. The high institutional holdings at 27.75% further support the stock's stability, as these investors typically have better resources to analyze company fundamentals. Overall, while the stock is currently flat, its strong growth metrics and positive institutional sentiment may provide a foundation for future price appreciation.