Why is Northern ARC falling/rising?

As of 17-Jul, Northern ARC Capital Ltd's stock price is rising, currently at 267.05, reflecting an increase of 8.0 or 3.09%. The stock has been on an upward trend, gaining for the last four days and achieving a total return of 7.88% during this period. It has outperformed its sector by 3.42% today and is trading above all key moving averages, indicating strong momentum. Over the past week, the stock has risen by 3.99%, and in the last month, it has shown a remarkable increase of 22.98%. 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, while Northern ARC has shown significant short-term gains, the benchmark Sensex has experienced a decline of 1.12% over the same week. This stark contrast emphasizes the stock's strong performance relative to the market. However, it's worth noting that investor participation has decreased, with delivery volume falling by 49.64% compared to the five-day average, which could indicate a potential concern for future liquidity. Despite this, the high institutional holdings at 27.75% suggest that informed investors continue to support the stock, reinforcing its positive outlook amidst a challenging market environment.