ICICI Direct has given Buy recommendation for TeamLease recommended buy rating on the stock with a target price of Rs 4500 in its research rep with a target price of Rs. 4500 in its research report issued on Jan 27, 2022

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 on Trent

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.

Leave a Reply

Your email address will not be published.