Why is Fervent Synerg. falling/rising?

As of 06-Aug, Fervent Synergies Ltd is experiencing a decline in its stock price, currently at Rs 23.32, which reflects a decrease of Rs 1.22 or 4.97%. The stock has been underperforming, having fallen for the last three consecutive days, resulting in a total decline of 14.86% during this period. Today's performance shows that it underperformed its sector by 2.91%, and the stock touched an intraday low of Rs 23.32. Additionally, the stock's trading volume has decreased significantly, with delivery volume falling by 35.4% compared to the 5-day average. While the stock has shown positive returns over longer periods, such as a 21.46% increase over the past month and a 36.21% increase over the past year, the recent trend indicates a sharp short-term decline.
In the broader market context, the Sensex has only decreased by 1.15% over the past week, indicating that Fervent Synergies Ltd's short-term performance is significantly worse than the benchmark. The pharmaceuticals and drugs sector, in which the company operates, has also seen a decline of 2.17%. Despite the stock's strong performance over the longer term, the recent downturn suggests a lack of investor confidence, possibly influenced by falling participation and liquidity concerns. Overall, the combination of recent poor performance, sector-wide declines, and reduced trading activity has contributed to the stock's current downward trajectory.