Why is Subex falling/rising?

As of 02-Jul, Subex Ltd's stock price is currently at 14.30, reflecting a slight increase of 0.04 or 0.28%. The stock has been gaining over the last two days, with a total return of 1.13% during this period. However, it has underperformed significantly in the longer term, with a year-to-date decline of 34.82% and a one-year drop of 53.56%. Despite a recent increase in institutional investor participation, which has risen by 0.72% over the previous quarter, the company faces challenges such as operating losses and a weak ability to service its debt, indicated by a negative EBIT to Interest ratio. Additionally, the recent financial results show a substantial decline in profit after tax and net sales, contributing to a perception of weak long-term fundamental strength.
In the broader market context, the stock's short-term performance contrasts with the benchmark, as the Sensex has gained 0.79% over the past week, while Subex has declined by 1.31%. This underperformance is consistent with its historical trend, where it has consistently lagged behind the BSE500 over the last three years. The liquidity of the stock remains adequate for trading, but the significant drop in delivery volume suggests a decrease in investor interest, which could further pressure the stock price. Overall, while there are some positive signs in terms of institutional investment, the fundamental weaknesses and recent financial results overshadow these factors, contributing to the stock's ongoing struggles.