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Buy TeamLease; target of Rs 4240: ICICI Direct

ICICI Direct is bullish on TeamLease has recommended buy rating on the stock with a target price of Rs 4240 in its research report dated July 28, 2022.

July 31, 2022 / 01:54 PM IST
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ICICI Direct's research report on TeamLease


TeamLease Ltd (TLL) is one of the leading providers of human resource services in the organised segment with ~6% share in flexi staffing. Employment services include temporary staffing solutions, IT staffing, regulatory consultancy for labour law compliance and training & skills • Net debt free and healthy double digit RoCE (>14%) key positives.


Outlook


We maintain BUY rating on the stock. We value Teamlease at Rs 4240 i.e. 34x P/E on FY24E.


For all recommendations report, click here

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TeamLease - 290722 - ici

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first published: Jul 31, 2022 01:50 pm
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