Why is Northern ARC falling/rising?

As of 10-Jul, Northern ARC Capital Ltd's stock price is currently at 256.80, reflecting an increase of 1.15 or 0.45%. The stock has shown strong performance recently, with a 3-day consecutive gain resulting in a total return of 3.55%. It has outperformed its sector by 0.32% today and reached an intraday high of Rs 264.95, marking a 3.64% increase. Over the past week, the stock has risen by 7.09%, and for the month, it has increased by 9.23%. The company demonstrates strong long-term fundamentals, with a remarkable 38.10% CAGR growth in net sales and a return on equity of 10.5, contributing to its attractive valuation. However, there has been a decline in investor participation, with delivery volume falling by 37.29% against the 5-day average.
In the broader market context, Northern ARC's recent performance contrasts sharply with the Sensex, which has seen a slight decline of 0.06% over the past week. While the stock has outperformed the benchmark significantly in the short term, with a year-to-date return of 18.15% compared to the Sensex's 6.46%, this disparity highlights the stock's strong momentum amidst a generally flat market. The high institutional holdings at 27.75% suggest that informed investors are confident in the company's prospects, further supporting the stock's upward movement despite the recent drop in trading volume.