Why is Nava falling/rising?

As of 14-Jul, Nava Ltd's stock price is currently at 601.70, reflecting an increase of 11.7, or 1.98%. Today's price summary indicates that the stock has outperformed its sector by 1.33% and has experienced a trend reversal after two consecutive days of decline. Although the stock opened with a loss of 2.03%, it reached an intraday high of Rs 607.7, demonstrating volatility within the trading day. Over the past week, the stock has shown a return of 0.97%, and it has significantly outperformed the benchmark Sensex over multiple periods, including a remarkable 572.10% increase over the last three years. Additionally, the promoters' increased stake in the company by 1.24% signals strong confidence in its future, further supporting the stock's upward movement.
In the broader market context, while the Sensex has declined by 1.42% over the past week, Nava Ltd has managed to achieve a positive return, highlighting its resilience in a challenging market environment. The stock's year-to-date return of 21.37% and a one-year return of 54.99% also illustrate its strong performance relative to the benchmark, which has only increased by 5.27% and 2.15%, respectively. However, it is important to note that there has been a decline in investor participation, with delivery volume falling by 51.47% against the five-day average, which could be a concern for future trading activity. Overall, the combination of strong returns, promoter confidence, and a recent trend reversal contributes to the stock's rising price despite some short-term volatility.