Why is Subex falling/rising?

As of 11-Jun, Subex Ltd's stock price is rising, currently at Rs 16.71, reflecting an increase of 1.09 (6.98%). The stock has shown strong performance recently, gaining 10.96% over the last three days and outperforming its sector by 5.96% today. Additionally, the stock has experienced a notable increase of 42.58% over the past month, although it remains down 23.84% year-to-date. Positive factors contributing to this rise include increased participation from institutional investors, who have raised their stake by 0.72%, indicating a growing confidence in the company despite its operating losses and weak long-term fundamentals. However, the company faces challenges, such as a negative EBIT to interest ratio and a significant decline in profitability, which could temper investor enthusiasm.
In the broader market context, Subex's short-term performance significantly outpaces the benchmark, with a 1-week return of 13.91% compared to the Sensex's 1.87%. This strong short-term performance contrasts with the stock's long-term underperformance, as it has generated a return of -42.14% over the past year, while the Sensex has risen by 7.92%. Despite the recent gains, the stock remains technically in a mildly bearish range, and its consistent underperformance over the last three years suggests that investors should remain cautious.