Why is Nava falling/rising?

As of 25-Jun, Nava Ltd's stock price is rising, currently at 593.20, reflecting an increase of 22.2 points or 3.89%. The stock has shown strong performance today, outperforming its sector by 2.79% and reaching an intraday high of Rs 599, which is a 4.9% increase. Over the past week, the stock has gained 7.37%, and it has delivered impressive returns of 30.37% over the past month and 61.67% over the past year, significantly outperforming the BSE 500 index. Additionally, the company has a low Debt to EBITDA ratio of 1.23 times, indicating a strong ability to service its debt. Promoter confidence is also rising, with an increase in their stake by 1.24% to 50.13%, suggesting optimism about the company's future.
In the broader market context, Nava Ltd's short-term performance of 7.37% over the past week stands in stark contrast to the Sensex, which only increased by 1.61% during the same period. This significant outperformance highlights investor confidence in Nava Ltd compared to the overall market. However, it is worth noting that there has been a slight decline in investor participation, with delivery volume falling by 2.78% against the 5-day average, which could indicate a potential concern for sustained momentum. Nonetheless, the stock's consistent returns over the last three years and the positive sentiment from increasing promoter stakes contribute to its rising price.