Why is Subex falling/rising?

As of 07-Jul, Subex Ltd's stock price is currently at 14.48, reflecting an increase of 0.14 or 0.98%. The stock has shown a positive trend recently, gaining 1.33% over the last two days and outperforming its sector by 1.62% today. However, despite this short-term gain, the stock has experienced significant declines over longer periods, with a year-to-date drop of 34.00% and a staggering 55.24% decrease over the past year. The company is facing challenges, including operating losses and a weak ability to service its debt, which contributes to its overall weak long-term fundamental strength. Additionally, while institutional investors have increased their stake by 0.72%, the stock's negative EBITDA and consistent underperformance against benchmarks raise concerns about its future profitability.
In the broader market context, Subex's recent performance contrasts with the Sensex, which has seen a slight decline of 0.20% over the past week, while Subex has gained 2.40% in the same timeframe. This indicates that the stock is currently performing better than the overall market. However, the company's long-term returns remain concerning, as it has underperformed the BSE500 over the last three years. The combination of increasing institutional participation and short-term gains is overshadowed by the company's ongoing financial struggles, which may lead to cautious sentiment among investors.