Why is Northern ARC falling/rising?

As of 08-Jul, Northern ARC Capital Ltd is experiencing a price increase, currently at 255.20, reflecting a rise of 7.2 or 2.9%. The stock has shown strong performance today, outperforming its sector by 2.95% and reaching an intraday high of Rs 256.1. Over the past week, the stock has gained 7.00%, and in the last month, it has risen by 17.52%. Despite a decline in delivery volume by 28.25% compared to the 5-day average, the stock remains liquid enough for trading. The company's strong long-term fundamentals, highlighted by a 38.10% CAGR growth in net sales and a return on equity of 10.5, contribute positively to its valuation, making it attractive to investors.
In the broader market context, Northern ARC's recent performance significantly outpaces the benchmark Sensex, which has only increased by 0.02% over the past week. The stock's year-to-date return of 17.41% also surpasses the Sensex's 7.13% increase, indicating robust investor confidence relative to the overall market. The high institutional holdings at 27.75% suggest that knowledgeable investors are backing the stock, further supporting its upward movement. Overall, the combination of strong fundamentals and favorable comparisons to the benchmark has contributed to the stock's rising price.