Why is Nava falling/rising?

As of 22-Sep, Nava Ltd's stock price is currently at 709.75, reflecting a decrease of 8.95 points or 1.25%. Despite this decline, the stock has shown strong performance over the past month with a return of 5.70%, significantly outperforming the Sensex, which gained only 1.05%. The stock is currently trading close to its 52-week high, just 3.16% away from 735.3. However, it has underperformed its sector by 4.88% today and has experienced a trend reversal after two consecutive days of gains. Notably, the stock is trading above all its moving averages, indicating a generally positive trend. The company benefits from a low Debt to EBITDA ratio of 1.23 times, suggesting a strong ability to service its debt, and has seen increasing participation from institutional investors, which may provide additional support for its valuation.
Broader Market Context: In the short term, Nava's performance has been favorable compared to the benchmark, as it has returned 0.74% over the past week while the Sensex has only increased by 0.46%. The power generation and distribution sector has also gained by 4.05%, indicating a positive environment for stocks in this industry. Despite the recent price drop, the overall strong returns over the past year and three years, where the stock has outperformed the BSE500, suggest that investor sentiment remains relatively positive. The increase in delivery volume indicates rising investor participation, which could help stabilize the stock price in the future.