Why is Fervent Synerg. falling/rising?

As of 24-Sep, Fervent Synergies Ltd is experiencing a price increase, currently at 23.32, reflecting a rise of 0.55 or 2.42%. The stock has shown a positive trend recently, gaining 6.29% over the last two days and outperforming its sector by 2.87% today. Despite a slight decline of 2.02% over the past week, the stock has performed well in the longer term, with a 24.31% increase over the past year and a remarkable 67.89% rise over the last three years. The recent increase in promoter confidence, with a 3.04% stake increase, signals strong belief in the company's future, although the stock faces challenges due to weak long-term fundamentals, including a low Return on Equity (ROE) of 1.47% and a concerning EBIT to Interest ratio of -1.75.
In the broader market context, Fervent Synergies Ltd's short-term performance has outpaced the benchmark, with the Sensex declining by 1.18% over the past week while the stock itself has fallen by only 2.02%. This indicates that the stock is relatively resilient compared to the overall market. Furthermore, the stock's year-to-date return of 19.28% significantly surpasses the Sensex's 4.58%, highlighting its strong performance in a challenging market environment. Despite the positive short-term movements, the stock's long-term fundamentals remain a concern, which could affect investor sentiment moving forward.