Why is Nava falling/rising?

As of 06-Aug, Nava Ltd's stock price is currently at 607.00, reflecting a decrease of 6.95 points or 1.13%. The stock has been underperforming recently, having fallen consecutively for the last four days, resulting in a total decline of 3.65% during this period. Additionally, the stock's performance today has underperformed its sector by 0.59%. Despite this recent downturn, Nava Ltd has shown strong returns over the longer term, with a year-to-date increase of 22.44% and a remarkable 544.89% rise over the past three years. The company also maintains a low Debt to EBITDA ratio of 1.23 times, indicating a strong ability to service its debt, which could support investor confidence. Furthermore, institutional investors have increased their stake in the company, suggesting a positive outlook from more sophisticated market participants.
In the broader market context, Nava Ltd's short-term performance has been relatively better than the benchmark, with a 1-week decline of only 0.54% compared to the Sensex's 1.15% drop. However, the stock's recent price movement indicates a decline in investor participation, as evidenced by a significant drop in delivery volume, which has decreased by 61.62% against the 5-day average. This reduced liquidity may contribute to the stock's current downward trend. Overall, while the company has demonstrated consistent long-term returns and increasing institutional interest, the recent price decline reflects short-term challenges in market participation and performance relative to its sector.