Buy TeamLease Services, target price Rs 3150: Motilal Oswal

TeamLease Services Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 4209.66 Crore) operating in Services sector.

By ETMarkets.com | Nov 09, 2023, 10.33 AM IST

Promoters held 31.61 per cent stake in the company as of 30-Sep-2023, while FIIs owned 30.47 per cent, DIIs 30.41 per cent.

Motilal Oswal has buy call on TeamLease Services Ltd. with a target price of Rs 3150. The current market price of TeamLease Services Ltd. is Rs 2500.

TeamLease Services Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 4209.66 Crore) operating in Services sector.

TeamLease Services Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.

Financials
For the quarter ended 30-09-2023, the company reported a Consolidated Total Income of Rs 2285.64 Crore, up 4.58 % from last quarter Total Income of Rs 2185.64 Crore and up 16.21 % from last year same quarter Total Income of Rs 1966.88 Crore. Company reported net profit after tax of Rs 27.65 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 31.61 per cent stake in the company as of 30-Sep-2023, while FIIs owned 30.47 per cent, DIIs 30.41 per cent.

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