Why is Protean eGov falling/rising?

As of 24-Jul, Protean eGov Technologies Ltd's stock price is currently at Rs 810.70, reflecting a decrease of Rs 20.75 or 2.5%. The stock has recently underperformed its sector by 0.99% and has fallen after two consecutive days of gains. It is also close to its 52-week low, being only 3.75% away from Rs 780.3. Over the past week, the stock has shown a slight increase of 1.05%, but it has experienced a significant decline of 58.12% year-to-date and 54.15% over the past year. The company's low debt-to-equity ratio and high institutional holdings at 38.7% suggest some level of stability; however, the poor long-term growth, indicated by a -14.79% annual decline in operating profit over the last five years, raises concerns about its future performance.
In the broader market context, the Sensex has shown a minor decline of 0.09% over the past week, while Protean's stock has outperformed this benchmark slightly in the short term. However, the stock's long-term performance remains troubling, as it has consistently underperformed the BSE500 over various time frames, including the last three years and one year. The recent flat results, with significant drops in profit before tax and profit after tax compared to previous quarters, further contribute to the negative sentiment surrounding the stock. Overall, the combination of poor financial performance and underwhelming returns compared to the market is likely driving the stock's current downward trend.