Why is Protean eGov falling/rising?

As of 19-Aug, Protean eGov Technologies Ltd is experiencing a price increase, currently at 758.00, reflecting a rise of 8.3 or 1.11%. The stock has shown a positive trend recently, gaining 5.31% over the past week and outperforming its sector by 0.76% today. However, despite this short-term gain, the stock has a troubling long-term performance, with a year-to-date decline of 60.84% and a one-year return of -61.49%. The company has a low debt-to-equity ratio and high institutional holdings at 33.53%, which may provide some stability, but its poor long-term growth, indicated by a -33.25% annual rate of operating profit growth over the last five years, raises concerns.
In the broader market context, while the stock has outperformed the Sensex in the short term, the benchmark has shown a modest gain of 1.76% over the past week. The stock's liquidity appears adequate, but a significant drop in delivery volume by 38.64% against the five-day average suggests declining investor participation. Additionally, the company's flat results and high PEG ratio of 4.3 indicate that, despite recent gains, the stock may still be viewed as overvalued relative to its growth prospects, contributing to a cautious outlook among investors.