Why is Subex falling/rising?

As of 03-Jul, Subex Ltd's stock price is currently at 14.29, reflecting a slight decrease of 0.01, or 0.07%. The stock has experienced a trend reversal, falling after two consecutive days of gains. It is currently trading above its 50-day and 100-day moving averages but below its 5-day, 20-day, and 200-day moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 83.62% against the 5-day average. Over the past year, the stock has underperformed significantly, with a return of -56.49%, compared to the benchmark BSE500, which has gained 4.07%. The company's weak long-term fundamental strength, characterized by operating losses and a negative EBIT to Interest ratio, further exacerbates its declining stock performance.
In the broader market context, while the stock has seen a short-term decline of 0.49% over the past week, the benchmark Sensex has experienced a slightly larger decline of 0.62%. Despite a recent increase in institutional investor participation, which rose by 0.72% over the previous quarter, the overall sentiment remains negative due to the company's poor financial results, including a significant drop in profit after tax and net sales. The stock's risky profile, indicated by negative EBITDA and consistent underperformance against the benchmark over the last three years, contributes to the prevailing bearish outlook among investors.