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 now revise our recommendation on the stock from HOLD to BUY. We value Teamlease at Rs 4500 i.e. 36x P/E on FY24E.
More Info
At 17:30 TeamLease Services was quoting at Rs 4,214.90, up Rs 123.55, or 3.02 percent.
It has touched an intraday high of Rs 4,370.45 and an intraday low of Rs 4,005.90.
It was trading with volumes of 3,124 shares, compared to its thirty day average of 2,747 shares, an increase of 13.73 percent.
In the previous trading session, the share closed up 7.71 percent or Rs 292.85 at Rs 4,091.35.
The share touched its 52-week high Rs 5,544.10 and 52-week low Rs 2,676.45 on 11 October, 2021 and 02 February, 2021, respectively.
Currently, it is trading 24.97 percent below its 52-week high and 55.43 percent above its 52-week low.
Market capitalisation stands at Rs 7,206.12 crore.
For all recommendations report, click here
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