Why is Protean eGov falling/rising?

As of 07-Jul, Protean eGov Technologies Ltd is experiencing a decline in its stock price, currently at Rs. 828.70, which represents a decrease of Rs. 16.4 or 1.94%. The stock has hit a new 52-week low today and has underperformed its sector by 1.3%. Over the past week, the stock has dropped by 5.66%, and it has seen a significant decline of 57.19% year-to-date. The company's operating profit has decreased at an annual rate of 14.79% over the last five years, and recent quarterly results show a drop in profit before tax and profit after tax compared to previous averages. Additionally, the stock is trading below its moving averages, indicating a bearish trend, and there has been a notable decrease in investor participation, with delivery volume falling by 41.26% against the five-day average.
In the broader market context, the Sensex has only decreased by 0.20% over the past week, contrasting sharply with Protean eGov's performance. The stock has underperformed the benchmark index over various periods, including a 41.34% decline in the last year, while the Sensex has gained 4.31% during the same timeframe. Despite having high institutional holdings at 38.7%, which typically indicates a level of confidence from more knowledgeable investors, the company's poor long-term growth prospects and high valuation metrics suggest that investor sentiment remains negative. Overall, the combination of weak financial performance, declining investor interest, and underperformance relative to the market contributes to the stock's downward trajectory.