Why is Team Lease Serv. falling/rising?

As of 24-Jul, Team Lease Services Ltd is experiencing a slight increase in its stock price, currently at 1,925.90, with a change of 5.9, representing a 0.31% rise. Today's price performance indicates that the stock opened with a gain of 2.29% and reached an intraday high of Rs 1964.05. However, despite this positive movement today, the stock has underperformed over the past week and month, with returns of -2.61% and -2.68%, respectively. The stock is trading below its moving averages across various time frames, and there has been a significant decline in investor participation, with delivery volume dropping by 61.72% against the 5-day average. While the company has a low debt-to-equity ratio and high institutional holdings at 57.94%, its long-term growth prospects appear weak, with a -41.71% return over the past year and only a 4.88% annual growth rate in operating profit over the last five years.
In the broader market context, the stock's recent performance contrasts with the benchmark Sensex, which has shown a slight decline of only -0.09% over the past week and a modest gain of +0.16% over the past month. This indicates that Team Lease Services Ltd is not only underperforming the market but also struggling significantly in the long term compared to the benchmark, with a -34.46% return year-to-date versus the Sensex's +5.18%. The combination of poor long-term growth, recent declines in investor participation, and the stock trading below its moving averages suggests that while there may be short-term gains, the overall outlook remains concerning.