Why is Northern ARC falling/rising?

As of 19-Sep, Northern ARC Capital Ltd is currently priced at 277.35, reflecting a decrease of 0.65, or 0.23%. Despite this slight decline, the stock has shown strong performance over the past week and month, with returns of 12.79% and 9.89%, respectively. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 100.26% compared to the 5-day average. The company has demonstrated robust long-term fundamental strength, with a compound annual growth rate (CAGR) of 38.10% in net sales, and a return on equity (ROE) of 8.9, suggesting an attractive valuation.
In the broader market context, Northern ARC's performance over the past week and month significantly outpaces the Sensex, which has only returned 0.88% and 1.20%, respectively. This indicates that while the stock is experiencing a minor decline today, it has been performing well relative to the benchmark. The stock's long-term growth potential, evidenced by a 38.10% CAGR in net sales and a profit increase of 22% over the past year, supports a positive outlook despite the recent price drop. Overall, the combination of strong fundamentals and relative outperformance against the benchmark suggests that the stock remains a hold for investors.