Why is Team Lease Serv. falling/rising?

As of 31-Jul, Team Lease Services Ltd is experiencing a decline in its stock price, currently at Rs 1,832.50, which represents a decrease of Rs 43.15 or 2.3%. The stock has underperformed its sector by 1.7% today and has fallen after two consecutive days of gains. It reached an intraday low of Rs 1,830.15, reflecting a drop of 2.43%. Over the past week, the stock has decreased by 4.85%, and its year-to-date return stands at a significant decline of 37.64%. The company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 3.4. However, it has generated a return of -47.09% over the past year, with profits falling by 0.1%, indicating poor long-term growth prospects.
In the broader market context, the stock's performance has been notably weaker than the benchmark, with the Sensex declining only 1.22% over the same week. Team Lease Services Ltd has underperformed the BSE500 over the last three years, one year, and three months, highlighting its below-par performance in both the long and near term. Despite high institutional holdings at 57.94%, which typically suggest a level of confidence in the stock's fundamentals, the company's flat results and reliance on non-operating income have raised concerns among investors, contributing to the stock's current downward trend.