Why is Nava falling/rising?

As of 01-Jul, Nava Ltd's stock price is currently at Rs 591.25, reflecting a decrease of Rs 16.75 or 2.75%. The stock has underperformed its sector by 2.56% today and has experienced a trend reversal, falling after two consecutive days of gains. It touched an intraday low of Rs 591, indicating a decline of 2.8%. Despite this drop, the stock has shown strong performance over the past week, month, year-to-date, and year, significantly outperforming the benchmark Sensex in these periods. Notably, the company has a low Debt to EBITDA ratio of 1.23 times, indicating a strong ability to service its debt, and promoters have increased their stake by 1.24%, reflecting confidence in the company's future.
In the broader market context, while Nava Ltd has seen a short-term decline, it has outperformed the Sensex over the past week, gaining 3.55% compared to the benchmark's 2.00%. However, the recent drop in delivery volume by 48.85% against the 5-day average suggests a decrease in investor participation, which may be contributing to the stock's current price movement. Despite the recent decline, the stock's consistent returns over the last three years and the rising promoter confidence indicate a potentially strong long-term outlook, even as it faces short-term volatility.