Why is Team Lease Serv. falling/rising?

As of 23-Sep, Team Lease Services Ltd is experiencing a slight decline in its stock price, currently at 1,865.00, reflecting a change of -0.35 (-0.02%). The stock has been underperforming, with a consecutive fall over the last five days resulting in a total decline of -3.67%. Although it is trading higher than its 20-day and 50-day moving averages, it remains lower than its 5-day, 100-day, and 200-day moving averages. The stock has generated a significant negative return of -40.35% over the past year, despite a 10.9% increase in profits, indicating a disconnect between profitability and stock performance. Additionally, the company maintains a low debt-to-equity ratio and high institutional holdings at 57.94%, which typically suggests a stable investment, but the overall poor long-term growth and consistent underperformance against benchmarks have raised concerns among investors.
In the broader market context, the stock's short-term performance has been notably worse than the benchmark, with a -3.67% return over the past week compared to a mere -0.34% decline in the Sensex. While the stock has shown some resilience with a positive return of +0.76% over the past month, it has significantly lagged behind the benchmark's +0.98% return during the same period. The high institutional ownership indicates that informed investors are closely monitoring the company's fundamentals, yet the flat results reported in June and the reliance on non-operating income have contributed to a cautious outlook. Overall, the combination of recent price declines, underperformance against benchmarks, and concerns about long-term growth prospects are influencing the stock's current trajectory.