Why is Protean eGov falling/rising?

As of 22-Jul, Protean eGov Technologies Ltd is experiencing a price increase, currently at 789.70, which reflects a rise of 8.05 or 1.03%. Despite this uptick, the stock has shown poor performance over the past month, with a decline of 11.00%, and a significant year-to-date drop of 59.20%. Today's price summary indicates that the stock is only 1.19% away from its 52-week low and has outperformed its sector by 1.25%. However, it is trading below all major moving averages, and there has been a notable decrease in investor participation, with delivery volume falling by 24% compared to the five-day average. The company's low debt-to-equity ratio and high institutional holdings at 38.7% suggest some stability, but the long-term growth outlook is concerning due to a -14.79% annual decline in operating profit over the last five years.
In the broader market context, the stock's short-term performance has been slightly better than the benchmark, with a 1W return of -0.43% compared to the Sensex's -0.47%. However, the stock has underperformed significantly over longer periods, with a one-year return of -47.78% against the Sensex's 2.09%. This underperformance is compounded by flat results reported in March, where both profit before tax and profit after tax fell significantly compared to previous quarters. The stock's valuation appears expensive with a price-to-book ratio of 3.4, and the reliance on non-operating income for profitability raises further concerns about its sustainability. Overall, while there is a minor price increase today, the underlying fundamentals suggest a challenging environment for Protean eGov Technologies Ltd.