Why is Team Lease Serv. falling/rising?

As of 12-Aug, Team Lease Services Ltd is experiencing a decline in its stock price, currently at Rs 1,704.10, which reflects a decrease of Rs 19.0 or 1.1%. The stock has been on a downward trend, losing 8.07% over the past week and 13.50% over the past month. It is currently trading close to its 52-week low, just 3.67% above Rs 1,641.6. The stock has also fallen for five consecutive days, and its trading performance is below all key moving averages. Additionally, there has been a significant drop in investor participation, with delivery volume decreasing by 70.36% compared to the five-day average. Despite a low debt-to-equity ratio and a fair valuation compared to peers, the stock's recent performance has been hindered by poor long-term growth and consistent underperformance against benchmarks.
In the broader market context, Team Lease Services Ltd's short-term performance has been notably worse than the benchmark, with the Sensex declining only 0.59% over the past week while the stock itself has dropped 8.07%. This underperformance is part of a larger trend, as the stock has generated a return of -44.94% over the past year, contrasting sharply with the Sensex's modest gain of 0.74% in the same period. The company's flat results and reliance on non-operating income further contribute to investor concerns, leading to a lack of confidence in its future growth prospects.