Why is Subex falling/rising?

As of 09-Jul, Subex Ltd's stock price is currently at 14.41, reflecting a decrease of 0.26, or 1.77%. The stock has underperformed its sector today by 1.02% and has experienced a trend reversal, falling after three consecutive days of gains. In terms of returns, the stock has seen a modest increase of 0.77% over the past week but has significantly underperformed over the longer term, with a decline of 6.25% over the past month and a staggering 53.49% drop over the last year. Additionally, the company is facing operational challenges, including weak long-term fundamental strength, as indicated by its negative EBIT to interest ratio and low return on equity. Despite a slight increase in institutional investor participation, the company's recent financial results have shown substantial losses, which contribute to the stock's downward pressure.
In the broader market context, while the Sensex has gained 1.32% over the past month and 6.91% year-to-date, Subex's performance has been notably poor, with a year-to-date decline of 34.32%. This consistent underperformance against the benchmark indicates that investor sentiment towards Subex is weak, compounded by its negative EBITDA and operational losses. The stock's liquidity remains adequate for trading, but the falling delivery volume suggests a decrease in investor interest. Overall, the combination of weak financial performance, negative market sentiment, and underperformance relative to the benchmark are key factors contributing to the stock's decline.