Why is Nava falling/rising?

As of 08-Aug, Nava Ltd's stock price is currently at 605.40, reflecting a decrease of 2.9 points or 0.48%. The stock's performance today is in line with the sector, although it is experiencing a decline in investor participation, as evidenced by a significant drop in delivery volume, which fell by 51.8% compared to the 5-day average. Despite this recent downturn, the stock has shown strong performance over the longer term, with a 28.81% return over the past year and a remarkable 536.43% increase over the last 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 is a positive factor for investors. Additionally, institutional investors have increased their stake by 0.72% in the last quarter, suggesting growing confidence in the company's fundamentals.
In the broader market context, Nava Ltd's short-term performance over the past week shows a decline of 2.75%, which is more favorable than the benchmark Sensex's drop of 0.92%. However, the stock's recent performance contrasts with its strong year-to-date return of 22.12% compared to the Sensex's 2.20%. This indicates that while the stock is currently facing some challenges, it has outperformed the broader market over the longer term, suggesting resilience and potential for recovery despite the recent price decline.