TeamLease Services Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 4149.64 Crore) operating in Services sector.
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Promoters held 40 per cent stake in the company as of Sept 30, 2020, while FIIs held 40 per cent, DIIs 14.5 per cent and public and others 5.5 per cent.
Motilal Oswal has given a buy rating to TeamLease Services with a target price of Rs 2700. The share price moved down by 0.74 per cent from its previous close of Rs 2417.15. The stock’s last traded price is Rs 2399.60.
TeamLease Services Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 4149.64 Crore) operating in Services sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 1129.06 Crore, down 0.65 % from last quarter Sales of Rs 1136.45 Crore and down 10.94 % from last year same quarter Sales of Rs 1267.80 Crore Company reported net profit after tax of Rs 18.91 Crore in latest quarter.
Investment Rationale Over the medium term, as both the central and state governments look to liberalize and formalize the labor markets, TeamLease should be among the biggest direct beneficiaries. Promoter/FII Holdings Promoters held 40 per cent stake in the company as of Sept 30, 2020, while FIIs held 40 per cent, DIIs 14.5 per cent and public and others 5.5 per cent.
