Why is Subex falling/rising?

As of 16-Jul, Subex Ltd's stock price is currently at 14.47, reflecting an increase of 0.21 or 1.47%. The stock has shown a positive trend recently, gaining 2.26% over the last two days and outperforming its sector by 1%. However, despite this short-term gain, the stock has significantly underperformed over the longer term, with a year-to-date decline of 34.05% and a staggering 54.37% drop over the past year. The company is facing challenges, including operating losses and a weak ability to service its debt, which is reflected in its negative EBIT to interest ratio and low return on equity. Additionally, the stock's performance is hindered by negative quarterly results, including a substantial loss in profit after tax and declining net sales.
In the broader market context, while the Sensex has shown a positive return of 5.75% year-to-date, Subex's performance has been notably poor, indicating a significant divergence from market trends. The stock's recent gains come amid rising investor participation, with a notable increase in delivery volume, suggesting some renewed interest. However, the decline in institutional investor stakes and the overall negative sentiment surrounding the company's fundamentals contribute to a cautious outlook. The stock's performance remains risky, trading below its historical valuations, which further complicates its recovery prospects in the face of broader market stability.