Why is Team Lease Serv. falling/rising?

As of 05-Sep, Team Lease Services Ltd is experiencing a slight increase in its stock price, currently at 1,864.85, reflecting a change of 2.15 (0.12%) upward. The stock has shown a trend reversal, gaining after two consecutive days of decline. Despite this recent uptick, the stock has underperformed significantly over the longer term, with a year-to-date return of -36.54% and a one-year return of -40.87%. The stock is currently trading above its 5-day and 20-day moving averages but below its longer-term moving averages. Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 48.55% compared to the 5-day average. The company maintains a low debt-to-equity ratio and has a reasonable return on equity, suggesting an attractive valuation relative to its peers.
In the broader market context, Team Lease Services Ltd has outperformed the Sensex in the short term, with a weekly return of +4.73% compared to the benchmark's +1.13%. However, the stock's long-term performance remains concerning, as it has consistently underperformed against the benchmark over the last three years. The company's operating profit growth has been modest at an annual rate of 7.02% over the past five years, and its flat results in June, along with high non-operating income, raise questions about its long-term growth potential. Despite high institutional holdings, which could provide some stability, the overall sentiment around the stock remains cautious due to its historical underperformance and declining investor interest.