Why is Northern ARC falling/rising?

As of 07-Jul, Northern ARC Capital Ltd is experiencing a decline in its stock price, currently at Rs 248.00, which reflects a decrease of Rs 8.7 or 3.39%. Today's price summary indicates that the stock underperformed its sector, with a day's high of Rs 262.95 and a low of Rs 245.4. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 5.62% and 14.21%, respectively. The stock is trading above its moving averages, and there has been a significant increase in investor participation, with delivery volume rising by 126.47% against the 5-day average. The company also boasts strong long-term fundamentals, with a 38.10% CAGR growth in net sales and a healthy return on equity of 10.5, indicating attractive valuation metrics.
In the broader market context, while Northern ARC has underperformed today, it has outpaced the benchmark Sensex in both the 1-week and 1-month periods, suggesting that the stock has been relatively strong compared to the overall market. The Sensex has shown a slight decline of 0.20% over the past week and a modest gain of 1.53% over the past month. The high institutional holdings at 27.75% further support the stock's stability, as institutional investors typically have better resources to analyze company fundamentals. Despite the current price drop, the overall positive long-term growth prospects and strong institutional backing may provide a buffer against short-term volatility.