Why is Subex falling/rising?

As of 17-Jul, Subex Ltd's stock price is currently at 14.22, reflecting a decrease of 0.25, or 1.73%. The stock has underperformed its sector by 0.6% today and has experienced a trend reversal, falling after two consecutive days of gains. Over the past week, the stock has declined by 2.94%, while its year-to-date performance shows a significant drop of 35.19%. The company's financial health is concerning, with operating losses and a weak ability to service its debt, as indicated by a poor EBIT to Interest ratio of -0.10. Additionally, the recent negative quarterly results, including a PAT of -17.60 cr and a decline in net sales, contribute to the stock's downward pressure. Institutional investor participation has also fallen, indicating a lack of confidence in the company's fundamentals.
In the broader market context, the Sensex has shown a decline of only 1.12% over the past week, contrasting with Subex's more significant drop. The stock's performance over the last year is particularly troubling, with a staggering loss of 55.16%, while the broader market has generated a modest return of 1.91%. This stark underperformance highlights the challenges faced by Subex compared to its peers. Despite a slight increase in delivery volume, the overall sentiment remains negative, driven by weak fundamentals and declining institutional interest, which further exacerbates the stock's struggles in the current market environment.