ICICI Direct has given Buy recommendation for EamLease with a target price of Rs. 4550 in its research report issued on Jul 29, 2021

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 continue to remain positive and retain our BUY rating on the stock We value Teamlease at Rs 4550 i.e. 45x P/E on FY23E

 

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