Why is Subex falling/rising?

As of 30-Jun, Subex Ltd's stock price is currently at 14.14, reflecting a decrease of 0.12, or 0.84%. The stock has been underperforming, having lost 2.42% over the last three days and is currently lower than its 20-day and 200-day moving averages. Despite a recent 4.28% gain over the past week, the stock has shown a significant decline of 35.55% year-to-date and 52.23% over the past year, indicating a consistent underperformance against the benchmark. The company's financial health is concerning, with operating losses and a negative EBITDA, which contribute to its weak long-term fundamental strength. Although there has been a slight increase in institutional investor participation, the overall sentiment remains negative due to poor profitability metrics and disappointing quarterly results.
In the broader market context, Subex's recent performance contrasts sharply with the Sensex, which has gained 2.09% over the past week and 7.00% year-to-date. This disparity highlights the stock's struggle to keep pace with market trends, as it has consistently underperformed against the benchmark over the last three years. The stock's liquidity appears adequate for trading, but the declining delivery volume suggests waning investor interest. Overall, the combination of weak financial results, negative investor sentiment, and underperformance relative to the market contributes to the downward pressure on Subex's stock price.