Why is Team Lease Serv. falling/rising?

As of 04-Sep, Team Lease Services Ltd is experiencing a decline in its stock price, currently at 1,862.70, reflecting a decrease of 4.35 points or 0.23%. The stock has been losing value for the last two days, with a total return of -1.03% during this period. Although it has shown a positive return of 3.88% over the past week and 1.77% over the past month, its year-to-date performance remains significantly negative at -36.61%. The stock is trading above its 5-day and 20-day moving averages but below its longer-term moving averages, indicating a mixed technical outlook. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 65.92% compared to the 5-day average. Despite a low debt-to-equity ratio and attractive valuation metrics, the stock's poor long-term growth and consistent underperformance against benchmarks have contributed to its recent price decline.
In the broader market context, the stock's short-term performance has outpaced the benchmark Sensex, which has only gained 0.80% over the past week. However, the stark contrast in year-to-date returns, with Team Lease down 36.61% compared to the Sensex's gain of 3.30%, highlights the stock's ongoing struggles. The company's high institutional holdings of 57.94% suggest that knowledgeable investors are aware of the stock's fundamentals, yet the flat results reported in June and the reliance on non-operating income raise concerns about its sustainability. Overall, while there are some positive factors, the combination of declining investor interest and poor long-term growth prospects continues to weigh heavily on Team Lease Services Ltd's stock price.