Why is Subex falling/rising?

As of 04-Jul, Subex Ltd's stock price is currently at 14.34, reflecting a slight increase of 0.05 or 0.35%. Despite this minor uptick, the stock has shown a significant underperformance in the market, with a return of -2.25% over the past month and a staggering -55.60% over the past year. Today's price summary indicates that the stock has underperformed its sector by -0.36%, and while it is trading above its 5-day, 50-day, and 100-day moving averages, it remains below its 20-day and 200-day moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume falling by -30.96% compared to the 5-day average. Although institutional investors have increased their stake by 0.72%, the company's weak long-term fundamentals, including operating losses and a negative EBIT to interest ratio, continue to weigh heavily on investor sentiment.
In the broader market context, Subex's recent performance contrasts sharply with the benchmark, as the Sensex has gained 3.01% over the past month. This highlights the stock's struggle to keep pace with market trends, particularly given its consistent underperformance against the BSE500 over the last three years. The company's negative financial results, including a significant drop in profit after tax and net sales, further exacerbate its challenges. With a return on equity of only 2.58% and a negative EBITDA, Subex's stock appears risky compared to its historical valuations, contributing to its overall decline in investor confidence.