Why is Team Lease Serv. falling/rising?

As of 19-Aug, Team Lease Services Ltd is experiencing a rise in its stock price, currently at Rs 1,820.20, reflecting an increase of Rs 36.8 or 2.06%. The stock has shown a positive trend recently, gaining 7.35% over the last three days and outperforming its sector by 0.85% today. Despite this short-term gain, the stock has a mixed performance history, with a decline of 41.28% over the past year and a 44.92% drop over the last three years. The company maintains a low debt-to-equity ratio and an attractive valuation with a price-to-book value of 3.4, which may contribute positively to investor sentiment. However, the stock's long-term growth prospects appear limited, as indicated by a modest operating profit growth rate of 7.02% over the past five years.
In the broader market context, Team Lease Services Ltd has outperformed the Sensex in the short term, with a 6.81% return over the past week compared to the benchmark's 1.76%. However, the stock's long-term performance has been significantly below par, with substantial declines over one and three years, contrasting sharply with the Sensex's gains during those periods. The recent increase in stock price may be attributed to short-term trading dynamics and institutional interest, as evidenced by high institutional holdings at 57.94%. Nonetheless, the overall negative sentiment surrounding the stock's long-term growth and recent flat financial results may temper enthusiasm among investors.