Why is Team Lease Serv. falling/rising?

As of 11-Aug, Team Lease Services Ltd is experiencing a decline in its stock price, currently at Rs 1,723.10, reflecting a decrease of -5.75 (-0.33%). The stock has been underperforming, with a consecutive fall over the last four days resulting in a total drop of -7.04%. It is trading lower than all its moving averages, indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 4.73% away from Rs 1,641.6. Over the past year, the stock has generated a return of -43.23%, significantly underperforming against the benchmark, while its profits have increased by 10.9%. Despite a low debt-to-equity ratio and attractive valuation metrics, the company's consistent underperformance against the benchmark and poor long-term growth prospects are contributing to the negative sentiment surrounding the stock.
In the broader market context, Team Lease Services Ltd's short-term performance has been notably worse than the benchmark, with a 1-week return of -5.86% compared to the Sensex's -0.51%. This stark contrast highlights the stock's struggles relative to the overall market. The decline in investor participation, as evidenced by a significant drop in delivery volume, further exacerbates the situation, suggesting waning interest from investors. High institutional holdings may provide some stability, but the overall trend indicates a lack of confidence in the stock's future performance, particularly given its flat results and reliance on non-operating income.