Why is Subex falling/rising?

As of 11-Jul, Subex Ltd's stock price is currently at 14.31, reflecting a decrease of 0.34, or 2.32%. The stock's performance today is in line with the sector, which has seen a decline of 2.17%. In terms of returns, Subex has experienced a significant drop of 14.36% over the past month and a staggering 52.83% over the last year, indicating consistent underperformance compared to the benchmark. Despite a recent increase in institutional investor participation, which rose by 0.72% in the last quarter, the company is facing challenges such as operating losses and a weak ability to service its debt, as evidenced by a negative EBIT to Interest ratio. Additionally, the company reported negative profit before tax and net sales in its latest quarterly results, further contributing to the stock's downward movement.
In the broader market context, Subex's short-term performance has been relatively poor compared to the benchmark, with a 1-week return of -0.21% against the Sensex's -1.12%. This underperformance is compounded by the stock's negative returns over the past year and three years, where it has consistently lagged behind the BSE500. The overall market sentiment appears to be cautious, particularly in the IT sector, which is reflected in the stock's declining price amidst rising investor participation. The combination of weak financial fundamentals and the broader market's downward trend suggests that Subex's stock price is likely to continue facing pressure.