Why is Nava falling/rising?

As of 30-Jul, Nava Ltd's stock price is currently at 610.30, reflecting an increase of 3.7 (0.61%). The stock has shown a positive trend recently, having gained for the last two days with a total return of 1.72% during this period. It opened with a gain of 2% today and reached an intraday high of Rs 623.6. Despite a recent decline in delivery volume, which fell by 52.85% against the 5-day average, the stock remains liquid enough for trading. Over the past year, Nava Ltd has delivered a remarkable return of 35.73%, significantly outperforming the BSE500 index in each of the last three annual periods. The company's strong ability to service debt, indicated by a low Debt to EBITDA ratio of 1.23 times, and an increase in institutional investor participation, which rose by 0.72% in the last quarter, further support the stock's upward movement.
In the broader market context, Nava Ltd's performance over the past week shows a decline of 3.20%, while the benchmark Sensex has decreased by 1.50%. However, on a monthly basis, Nava has outperformed the benchmark, with a slight increase of 0.38% compared to the Sensex's decline of 2.54%. Year-to-date, the stock has achieved a return of 23.11%, significantly higher than the Sensex's 4.28%. This indicates that while the stock has faced some short-term volatility, its overall performance remains strong relative to the market, bolstered by consistent returns and increasing institutional interest.