Why is Northern ARC falling/rising?

As of 15-Jul, Northern ARC Capital Ltd is experiencing a price increase, currently at Rs 258.90, which reflects a change of Rs 6.85 or 2.72% upward. The stock has shown strong performance, outperforming its sector by 1.91% today and has been on a consecutive gain streak for the last two days, accumulating a total return of 4.58% in this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. Over the past week, the stock has risen by 1.45%, while its one-month return stands at an impressive 15.27%. The company also boasts a robust long-term growth profile, with net sales increasing at a compound annual growth rate (CAGR) of 38.10%, and a return on equity (ROE) of 10.5%, which contributes to its attractive valuation.
In the broader market context, the Sensex has declined by 1.36% over the past week, contrasting with Northern ARC's positive performance, which highlights its relative strength in a challenging market environment. While the stock has generated a flat return over the past year, its profits have increased by 22%, indicating underlying strength. However, it is worth noting that there has been a decline in investor participation, with delivery volume falling by 9.59% against the 5-day average. Despite this, the stock remains liquid enough for trading, supported by high institutional holdings at 27.75%, which suggests confidence from more sophisticated investors in the company's fundamentals.