Why is Northern ARC falling/rising?

As of 18-Sep, Northern ARC Capital Ltd is experiencing a price increase, currently at 278.00, reflecting a rise of 15.4 or 5.86%. The stock has shown strong performance today, outperforming its sector by 5.53% and reversing a trend after two consecutive days of decline. It opened with a gain of 2.04% and reached an intraday high of Rs 279.7, indicating positive momentum. Over the past week, the stock has gained 13.35%, and year-to-date, it has risen by 27.90%. Despite a decrease in investor participation, with delivery volume down by 17.83% against the 5-day average, the stock remains liquid enough for trading. The company's strong long-term fundamentals, highlighted by a 38.10% CAGR growth in net sales and a return on equity of 8.9, contribute positively to its valuation, making it attractive to investors.
In the broader market context, Northern ARC's short-term performance significantly outpaces the benchmark Sensex, which has only increased by 1.80% over the past week. This stark contrast underscores the stock's robust performance relative to the market. While the Sensex has shown a year-to-date increase of 6.24%, Northern ARC's impressive 27.90% growth reflects its strong fundamentals and market positioning. The stock's ability to maintain higher trading levels than its moving averages further supports its upward trajectory, despite the recent dip in trading volume. Overall, the combination of strong sales growth and attractive valuation metrics positions Northern ARC favorably in the current market environment.