Why is Nava falling/rising?

As of 19-Aug, Nava Ltd's stock price is currently at Rs 591.90, reflecting an increase of Rs 12.9 or 2.23%. Today's price movement indicates a trend reversal as the stock has gained after four consecutive days of decline. It opened with a gain of 2.38% and reached an intraday high of Rs 596, outperforming its sector by 1.93%. Over the past year, the stock has generated a return of 25.44%, significantly outperforming the BSE500 index in each of the last three annual periods. Additionally, the company has a low Debt to EBITDA ratio of 1.23 times, indicating a strong ability to service its debt, which may contribute to investor confidence. The increasing participation from institutional investors, who have raised their stake by 0.72%, also suggests a positive outlook for the stock.
In the broader market context, Nava Ltd's short-term performance has been less favorable compared to the benchmark, as it has declined by 4.56% over the past week while the Sensex has increased by 1.76%. However, the stock's year-to-date return of 19.39% outpaces the Sensex's 4.49%, indicating a stronger long-term performance. The recent rise in investor participation, with a 3.33% increase in delivery volume, coupled with its liquidity status, suggests that despite recent fluctuations, there is a solid foundation for potential growth moving forward.