Why is Northern ARC falling/rising?

As of 09-Jul, Northern ARC Capital Ltd is experiencing a slight increase in its stock price, currently at 255.65, with a change of 0.45 (0.18%) upward. The stock has shown a strong performance recently, gaining 3.08% over the last two days and achieving a 14.41% return over the past month, significantly outperforming the Sensex, which only increased by 1.32% in the same period. Additionally, Northern ARC is trading above its moving averages across various time frames, indicating positive momentum. However, there has been a decline in investor participation, with delivery volume falling by 37.73% against the 5-day average, which could be a concern for future trading activity. The company also boasts strong long-term fundamentals, with a 38.10% CAGR growth in net sales and a return on equity of 10.5, contributing to its attractive valuation.
In the broader market context, Northern ARC's short-term performance has significantly outpaced the benchmark Sensex, which has only seen a 0.15% increase over the past week. This strong relative performance suggests that investor sentiment towards Northern ARC is positive, likely driven by its solid fundamentals and institutional backing, which stands at 27.75%. Despite the recent drop in delivery volume, the overall growth in net sales and profitability indicates a robust underlying business, supporting the stock's upward movement in the face of broader market trends.