Why is Subex falling/rising?

As of 24-Sep, Subex Ltd's stock price is currently at 12.46, reflecting a decrease of 0.26, or 2.04%. The stock has been underperforming, having lost 5.75% over the last three days and is trading below all its moving averages. Additionally, the stock's delivery volume has decreased by 18.71% compared to the five-day average, indicating a decline in investor participation. The company has shown weak long-term fundamentals, with a staggering -173.17% CAGR growth in operating profits over the last five years and a poor EBIT to interest ratio of 0.12, which raises concerns about its ability to service debt. Furthermore, institutional investors have reduced their stakes, reflecting a lack of confidence in the company's prospects.
In the broader market context, Subex's performance has been notably worse than the benchmark, with a one-week return of -3.71% compared to the Sensex's -1.18%. Over the past year, Subex has generated a return of -54.33%, significantly underperforming the BSE500, which has seen a decline of only 3.77%. This consistent underperformance, coupled with flat results in recent quarters and a negative EBITDA, suggests that the stock is viewed as risky and unattractive by both retail and institutional investors, contributing to its current downward trajectory.