Buy TeamLease Services, target price Rs 4500: ICICI Direct

ICICI Direct has buy call on TeamLease Services with a target price of Rs 4500. The current market price of TeamLease Services is Rs 4004.2. Time period given by analyst is one year when TeamLease Services Ltd. price can reach defined target.

TeamLease Services Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 6838.71 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-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1767.18 Crore, up 15.58 % from last quarter Total Income of Rs 1528.96 Crore and up 37.49 % from last year same quarter Total Income of Rs 1285.27 Crore. Company reported net profit after tax of Rs 30.25 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 31.51 per cent stake in the company as of 31-Mar-2022, while FIIs owned 42.7 per cent, DIIs 15.92 per cent.