Why is Protean eGov falling/rising?

As of 31-Jul, Protean eGov Technologies Ltd is experiencing a decline in its stock price, currently at Rs 785.30, which represents a decrease of Rs 11.9 or 1.49%. The stock has been underperforming, having fallen consecutively for the last two days with a total drop of 2.46%. It is also close to its 52-week low, just 0.64% away from Rs 780.3. Over the past week, the stock has decreased by 3.13%, and its performance over the last month shows a significant decline of 9.91%. The company has a low Debt to Equity ratio and high institutional holdings at 33.53%, but these factors have not been sufficient to counteract the negative sentiment surrounding its poor long-term growth, as evidenced by 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 worse than the benchmark, with the Sensex declining only 1.22% over the same week. The stock's year-to-date performance is particularly concerning, showing a staggering drop of 59.43%, while the Sensex has gained 3.90%. The company's recent financial results have also contributed to the negative outlook, with a significant fall in profit before tax and net profit compared to previous quarters. Overall, the combination of poor financial performance, declining investor participation, and underperformance relative to the market has led to the stock's current downward trend.