Why is Nava falling/rising?

As of 08-Oct, Nava Ltd's stock price is currently at 623.00, reflecting a decrease of 13.75 or 2.16%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 4.51% during this period. In terms of returns, Nava has experienced a significant drop of 9.51% over the past month, while it has still managed to generate a positive return of 25.67% year-to-date. Despite its strong historical performance, including a remarkable increase of 528.66% over the last three years, the recent trend indicates a decline in investor participation, with delivery volume dropping by 57.32% against the five-day average. However, the company maintains a strong ability to service its debt, evidenced by a low Debt to EBITDA ratio of 1.23 times, and has seen an increase in institutional investor participation, which may provide some support for the stock.
In the broader market context, Nava Ltd's recent performance contrasts sharply with the benchmark, as the Sensex has gained 0.98% over the past week while Nava has declined by 3.55%. This underperformance relative to the benchmark may be contributing to the stock's downward pressure. Despite the recent struggles, the stock has consistently outperformed the BSE500 over the last three years and has shown resilience in generating returns, suggesting that the current decline may be more of a short-term fluctuation rather than a long-term trend. The overall market conditions and the stock's recent performance indicate a challenging environment for Nava Ltd, which could be influencing investor sentiment negatively.