Why is Fervent Synerg. falling/rising?

As of 14-Jul, Fervent Synergies Ltd is experiencing a significant rise in its stock price, currently at Rs 29.37, reflecting an increase of 4.89 or 19.98%. The stock has shown remarkable performance today, outperforming its sector by 19.08% and achieving a consecutive gain over the last two days with a total return of 43.97%. It opened with a notable gain of 19.98% and reached an intraday high of Rs 29.37. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong upward momentum. The company has reported positive results for the last four consecutive quarters, with net sales and profit after tax showing significant increases, which has likely bolstered investor confidence and contributed to the stock's upward movement.
In the broader market context, Fervent Synergies Ltd has outperformed the Sensex, which has seen a decline of 1.42% over the past week, while the stock itself has surged by 45.40% in the same period. This stark contrast highlights the stock's strong performance relative to the market. Furthermore, the stock has generated impressive returns over various time frames, including 84.95% over the past year and 132.17% over the past three years, significantly outpacing the benchmark indices. The rising investor participation, evidenced by a 477.24% increase in delivery volume, further underscores the positive sentiment surrounding the stock, reinforcing its upward trajectory.