Why is Northern ARC falling/rising?

As of 11-Jul, Northern ARC Capital Ltd's stock price is currently at 247.55, reflecting a decline of 9.25 points or 3.6%. Today's performance indicates that the stock has underperformed its sector by 2.68%, and it has experienced a trend reversal after three consecutive days of gains. The stock reached an intraday low of Rs 245.3, showing a drop of 4.48%. Over the past week, the stock has decreased by 3.56%, while it has shown a positive return of 6.11% over the past month. Despite the recent decline, the company has demonstrated strong long-term fundamentals, with a notable 38.10% compound annual growth rate (CAGR) in net sales and a return on equity (ROE) of 10.5, indicating an attractive valuation. High institutional holdings at 27.75% suggest confidence in the company's fundamentals, although the stock's recent performance may be influenced by short-term market fluctuations.
In the broader market context, the Sensex has only declined by 1.12% over the past week, indicating that Northern ARC's short-term performance is lagging behind the benchmark. While the stock has shown a year-to-date return of 13.89%, which is significantly higher than the Sensex's 5.58%, the recent downturn could be attributed to profit-taking or market corrections following its previous gains. The increased delivery volume of 14.8 lacs on 10 July, which rose by 44.31% against the five-day average, suggests rising investor participation, but the current price movement reflects a cautious sentiment among investors in light of the recent declines.