Why is Northern ARC falling/rising?

As of 04-Jul, Northern ARC Capital Ltd is experiencing a price increase, currently valued at 256.70, reflecting a rise of 16.9 or 7.05%. The stock has shown strong performance today, outperforming its sector by 6.92%, and reached an intraday high of Rs 261.8, marking a 9.17% increase. Over the past week, the stock has risen by 7.34%, and in the last month, it has surged by 23.41%. Despite a significant drop in delivery volume by 65.99% compared to the 5-day average, the stock remains liquid enough for trading, supported by strong long-term fundamentals, including a 38.10% CAGR growth in net sales and a healthy return on equity of 10.5.
In the broader market context, while the Sensex has declined by 0.74% over the past week, Northern ARC's robust short-term performance stands in stark contrast, highlighting its resilience. The stock's year-to-date return of 18.10% also significantly outpaces the Sensex's 6.77% gain, indicating strong investor confidence, particularly from institutional holders who account for 27.75% of ownership. This suggests that Northern ARC's fundamentals are being recognized positively in the market, contributing to its upward price movement despite some signs of falling investor participation.