Why is Fervent Synerg. falling/rising?

As of 01-Aug, Fervent Synergies Ltd is experiencing a price increase, currently at 27.39, reflecting a change of 0.69 or 2.58% upward. The stock has shown strong performance, outperforming its sector by 5.74% today and trading above all key moving averages. Over the past week, it has gained 5.18%, and in the last month, it has surged by 39.74%. Despite a significant drop in delivery volume, which fell by 81.16% against the 5-day average, rising promoter confidence, indicated by a 3.04% increase in their stake to 74.75%, suggests strong belief in the company's future. However, the company faces challenges with weak long-term fundamentals, including a low Return on Equity (ROE) of 0.34% and a concerning EBIT to Interest ratio of -1.75, which may temper investor enthusiasm.
In the broader market context, while Fervent Synergies has outperformed the Sensex, which declined by 1.06% over the past week, the stock's strong returns over various periods highlight its resilience. Year-to-date, it has gained 40.10%, compared to the Sensex's modest increase of 3.15%. This performance is particularly notable given the Pharmaceuticals & Drugs sector's decline of 3.26%. Despite the stock's impressive short-term and long-term returns, the underlying weaknesses in financial fundamentals may pose risks that investors should consider.