Why is Team Lease Serv. falling/rising?

As of 01-Aug, Team Lease Services Ltd is experiencing a decline in its stock price, currently at Rs 1,829.25, which reflects a decrease of -3.25 or -0.18%. The stock has been underperforming recently, having fallen consecutively for the last two days with a total return of -2.47%. Despite opening with a gain of 5.83% today and reaching an intraday high of Rs 2,098, the overall trend remains negative, as the stock has generated a return of -43.89% over the past year. The company has a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 3.4, but it has also shown poor long-term growth, with operating profit increasing at only 4.88% annually over the last five years. Additionally, while profits have risen by 10.9%, the stock's significant decline suggests that investor sentiment remains weak.
In the broader market context, Team Lease Services Ltd has underperformed the benchmark Sensex, which has shown a slight increase of 3.15% year-to-date, while the stock has dropped by 37.75% in the same period. The stock's short-term performance has also lagged, with a -5.09% return over the past week compared to the Sensex's -1.06%. The high institutional holdings at 57.94% indicate that more sophisticated investors are involved, yet the stock's volatility and declining investor participation, evidenced by a 9.75% drop in delivery volume, suggest a lack of confidence in the company's near-term prospects. Overall, the combination of poor performance metrics and broader market trends contributes to the stock's current downward movement.