Why is Nava falling/rising?

As of 29-Sep, Nava Ltd's stock price is currently at Rs 670.00, reflecting a decrease of Rs 11.8 or 1.73%. The stock has been on a downward trend, having fallen for the last four consecutive days, resulting in a total decline of 5.65% during this period. Today's performance indicates that it underperformed its sector by 2.09%, and it reached an intraday low of Rs 664. Despite this decline, the stock has shown strong performance over the longer term, with a year-to-date increase of 35.15% and a remarkable 617.54% rise over the past three years. The company maintains a low Debt to EBITDA ratio of 1.23, indicating a strong ability to service its debt, which could be a stabilizing factor for investors. Additionally, there has been an increase in institutional investor participation, with a 0.72% rise in their stake, suggesting confidence in the company's fundamentals.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has seen a decline of 2.18% over the past week, while Nava Ltd has experienced a sharper drop of 5.60%. This indicates that the stock is underperforming relative to the market. However, it is important to note that while the stock has faced short-term challenges, its long-term returns have consistently outperformed the BSE500 over the last three years, which may provide some reassurance to investors looking for stability amidst the recent volatility.