Why is Nava falling/rising?

As of 15-Jul, Nava Ltd's stock price is rising, currently at 604.30, reflecting an increase of 2.6 or 0.43%. The stock has shown strong performance recently, with a consecutive gain over the last two days and a total return of 2.42% during this period. It has outperformed its sector by 0.65% today and has consistently traded above its moving averages across various time frames. Over the past year, the stock has generated a remarkable 53.16% return, significantly outperforming the BSE500 index, which indicates strong investor confidence. Additionally, the promoters have increased their stake in the company by 1.24%, signaling their belief in the company's future prospects, which further supports the stock's upward movement.
Broader Market Context: In the short term, Nava Ltd has outperformed the benchmark index, with a 1-week return of 3.35% compared to the Sensex's decline of 1.36%. This contrast highlights the stock's resilience and attractiveness to investors amid broader market challenges. Despite a recent decline in investor participation, as indicated by a drop in delivery volume, the overall liquidity remains sufficient for trading. The company's low Debt to EBITDA ratio also suggests a strong ability to service its debt, contributing to a positive outlook that likely bolsters investor sentiment and supports the stock's rising price.