Why is Protean eGov falling/rising?

As of 04-Aug, Protean eGov Technologies Ltd's stock price is currently at Rs. 769.55, reflecting a decline of Rs. 14.45 or 1.84%. The stock has recently hit a new 52-week low of Rs. 767 and has been on a downward trend, losing value for the past four consecutive days, with a total decline of 4.42% during this period. The stock's performance over the past week shows a decrease of 2.56%, while it has underperformed the sector by 3.46% today. Additionally, the stock has generated a staggering return of -60.87% over the past year, indicating poor long-term growth, with operating profits declining at an annual rate of -14.79% over the last five years. The company has also reported flat results in its latest quarter, with significant drops in both profit before tax and profit after tax compared to previous averages.
In the broader market context, the Sensex has shown a slight increase of 0.16% over the past week, contrasting with Protean eGov's negative performance. This underperformance is further highlighted by the stock's returns, which have lagged behind the benchmark indices over various time frames, including a -60.24% return year-to-date compared to a 3.69% increase in the Sensex. The stock's liquidity appears adequate for trading, but a notable decline in investor participation, with delivery volume dropping by 26.85% against the five-day average, suggests waning interest. High institutional holdings at 33.53% may provide some stability, but the overall sentiment remains negative due to the company's expensive valuation and poor growth prospects.