Why is Northern ARC falling/rising?

As of 18-Jul, Northern ARC Capital Ltd's stock price is currently at 257.90, reflecting a decrease of 9.15 points or 3.43%. The stock has underperformed its sector by 3.14% today and has experienced a trend reversal after four consecutive days of gains, touching an intraday low of Rs 256.2. Despite this decline, the stock has shown strong performance over the past week and month, with returns of 4.18% and 17.74%, respectively. The company has a solid long-term growth outlook, evidenced by a 38.10% CAGR in net sales and a return on equity of 10.5, which suggests an attractive valuation. High institutional holdings at 27.75% further indicate confidence in the stock's fundamentals, although the recent price drop may reflect short-term profit-taking or market corrections.
In the broader market context, the Sensex has seen a slight decline of 0.90% over the past week, while Northern ARC's stock has outperformed this benchmark in the same period. However, the stock's current decline contrasts with its strong year-to-date performance of 18.66%, suggesting that while the stock has been resilient, recent trading activity may indicate a temporary setback. The liquidity of the stock remains robust, with a significant increase in delivery volume, which could suggest ongoing interest from investors despite the recent price drop.