Why is Subex falling/rising?

As of 21-Jul, Subex Ltd's stock price is currently at 14.02, reflecting a decrease of 0.1, or 0.71%. The stock has been experiencing a downward trend, having fallen for the last three consecutive days, resulting in a total decline of 3.11% during this period. In terms of performance against the benchmark, Subex has underperformed significantly, with a year-to-date return of -36.10% compared to the Sensex's gain of 5.20%. The company's financial health is concerning, as it has reported operating losses and a weak ability to service its debt, indicated by a negative EBIT to Interest ratio. Additionally, the stock's profitability is low, with a return on equity of only 2.58%. Recent negative quarterly results, including a substantial drop in profit after tax and net sales, further exacerbate the stock's weak outlook.
Broader market context shows that while the Sensex has remained relatively stable, Subex's short-term performance has been notably poor, with a 1-week return of -0.92% compared to the benchmark's slight decline of 0.06%. The stock's liquidity appears adequate for trading, but there has been a significant drop in delivery volume, suggesting a decrease in investor interest. Institutional investors have also reduced their stakes, indicating a lack of confidence in the company's future prospects. Overall, Subex's consistent underperformance against the benchmark over the past three years, coupled with its recent financial struggles, contributes to the negative sentiment surrounding the stock.