Why is Nava falling/rising?

As of 30-Jun, Nava Ltd's stock price is currently at 608.00, reflecting an increase of 4.45 (0.74%). The stock has shown strong performance recently, gaining 2.82% over the last two days and outperforming its sector by 0.82% today. Additionally, Nava has demonstrated impressive returns over various periods, including a 62.70% increase over the past year and a staggering 585.84% over the last three years. The company's low Debt to EBITDA ratio of 1.23 times indicates a strong ability to service its debt, while rising promoter confidence, with a 1.24% increase in stake, suggests optimism about the company's future.
In the broader market context, Nava's short-term return of 3.97% over the past week significantly outpaces the Sensex's return of 2.09%. This trend of outperformance is consistent, as Nava has also surpassed the benchmark in the last month and year-to-date, with returns of 23.45% and 22.64%, respectively. The rising investor participation, evidenced by a 17.92% increase in delivery volume, further supports the stock's upward momentum, indicating strong market interest and liquidity. Overall, these factors contribute to the stock's rising price, reflecting both company-specific strengths and favorable market conditions.