Why is Protean eGov falling/rising?

As of 28-Jul, Protean eGov Technologies Ltd is experiencing a decline in its stock price, currently at Rs 789.80, which reflects a decrease of Rs 7.0 or 0.88%. The stock has been underperforming recently, having fallen consecutively for the last three days, resulting in a total drop of 5.01%. Additionally, it is trading close to its 52-week low, just 1.2% away from Rs 780.3. Over the past month, the stock has decreased by 8.09%, while its year-to-date performance shows a significant decline of 59.20%. The company has a low debt-to-equity ratio and high institutional holdings at 38.7%, but it also faces challenges such as poor long-term growth, with operating profit declining at an annual rate of 14.79% over the last five years and a recent drop in profitability metrics.
In the broader market context, the stock has outperformed its sector by 0.34% today, but this is overshadowed by its overall poor performance compared to the benchmark Sensex, which has declined by 1.59% over the past week. The stock's liquidity appears adequate for trading, but a significant drop in delivery volume by 42.41% against the five-day average indicates falling investor participation. The company's recent financial results have shown a concerning trend, with profits falling and a high price-to-book value suggesting an expensive valuation. Overall, the combination of declining profits, poor long-term growth prospects, and recent price movements contribute to the stock's downward trajectory.