Why is Subex falling/rising?

As of 01-Jul, Subex Ltd's stock price is currently at 14.26, reflecting an increase of 0.12 or 0.85%. The stock has shown a performance today that outperformed its sector by 1.35% and has gained after three consecutive days of decline. However, despite this short-term uptick, the stock has experienced a significant decline of 35.00% year-to-date and a staggering 53.70% over the past year, indicating a consistent underperformance against the benchmark. The recent increase in institutional investor participation, with a 0.72% rise in their stake, suggests some confidence in the stock, although the company continues to face challenges such as operating losses and a weak ability to service its debt.
In the broader market context, Subex's short-term return of +2.30% over the past week slightly outpaces the Sensex's return of +2.00%, indicating a marginally better performance relative to the market. However, the stock's long-term performance remains concerning, as it has underperformed the benchmark over the last three years and has a negative EBITDA, which raises risks for investors. The combination of weak fundamentals, including low profitability and negative quarterly results, continues to overshadow the recent positive movements, suggesting that while there may be short-term gains, the overall outlook remains weak.