Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  

| More

Gladiator Stocks - TeamLease Services - ICICI Direct

Posted On: 2021-02-26 00:50:27 (Time Zone: Arizona, USA)


Buy TeamLease Services in the range of Rs. 3150.00-3250.00 for target price of Rs. 3820.00 with a stop loss of Rs. 2878.00. Time Frame: Six months

Technical View

- The stock has recently generated a resolute breakout above the long term supply line joining the previous major highs of CY18 (Rs. 3309) and CY19 (Rs. 3210). Also, it is seen sustaining above the same signalling a structural turnaround. Thus, it offers a fresh entry opportunity

- We expect the stock to resume its primary up trend after last two week's breather and head towards Rs. 3820 levels as it is the value of the upper band of the rising channel in place since May 2020

- The entire up move since bottoming out in May 2020 is well channelled. The lower band of the channel has provided fresh entry opportunity on multiple occasion. The stock is currently placed near the lower band of the channel. We expect it to maintain the rhythm and resume fresh leg of up move

- Structurally, it has completely retraced its 23 months decline (Rs. 3309 to 1420) in just nine months. A faster retracement in less than half the time interval signals strength and robust price structure

Fundamental View

TeamLease Services (TLS), established in 2002, is one of India's leading providers of human resource services in the organised segment with ~6% share in the flexi staffing industry. TLS' services span the entire human resources supply chain covering employment, employability and education. Employment services include temporary staffing solutions, IT staffing and regulatory consultancy for labour law compliance while employability offerings include learning and training solutions

TeamLease's general staffing business continues to be on a strong footing and is attractively placed to grab the opportunity in the least penetrated temporary staffing market in India. Further, we expect labour reforms, push for local manufacturing and aim of India to be a global supply chain will further benefit TLS in the long run. The company has significantly reduced its core associates and could manage higher growth with lower associates, going forward, due to digitisation of business. This, coupled company increased revenue contribution from specialised staffing & lower compliance dost is expected to boost margins of the company in long run. Hence, we remain positive on the company from long term perspective

For details, click on the link below:

Shares of TeamLease Services Ltd was last trading in BSE at Rs.3447.3 as compared to the previous close of Rs. 3311.1. The total number of shares traded during the day was 2691 in over 808 trades.

The stock hit an intraday high of Rs. 3508.5 and intraday low of 3255. The net turnover during the day was Rs. 9103841.

Source: Equity Bulls

Click here to send ur comments or to

Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only., its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.

Other Headlines:

Nestle India 1QCY21 results - Views by Himanshu Nayyar, Lead Analyst - Institutional Equities, YES SECURITIES

ICICI Prudential Life Insurance - Q4FY21 Result Update - YES Securities

Power: Sector Thematic - Reforms essential for renaissance - HDFC Securities

ACC 1QCY21 Results Review Report - Strong margins! - HDFC Securities

ICICI Prudential Life 4QFY21 Results Review Report - Strong micro; challenging macro - HDFC Securities

ACC Ltd - Q1CY21 Result Update - YES Securities

ICICI Prudential Life Insurance - Business momentum upwards; valuations remain attractive - ICICI Securities

Multiplex - Business disruption again - learnings and better cash position to help - ICICI Securities

ACC - Strong show led by lower costs - ICICI Securities

Brookfield India REIT - Building a strong edifice - ICICI Securities

Q4FY21 Result Preview - Oil & Gas - ICICI Direct

Q1CY21 Result Update - ACC Ltd - ICICI Direct

ACC Q1CY21 Results - Views by YES SECURITIES

Comments on Rupee from industry experts - April 19, 2021

Autos & Logistics 4QFY21 Results Preview - HDFC Securities

ADD on Mindtree - Gaining momentum - HDFC Securities

ICICI Lombard 4QFY21 Result Review - HDFC Securities

Mindtree - Q4FY21 Result Update - YES Securities

ICICI Lombard - Q4FY21 Result Update - YES Securities

HDFC Bank - Q4FY21 Result Update - YES Securities

Mindtree - Subtle downgrade in outlook! - ICICI Securities

SBI Cards and Payment Services - Play on monetisable payments growth - ICICI Securities

ICICI Lombard General Insurance Company - Cyclical recovery can protract; fundamentals remain intact - ICICI Securities

HDFC Bank - Resilience and consistency displayed to its core - ICICI Securities

Home First Finance Company - Tech-led affordable housing play at affordable valuations - ICICI Securities

Q4FY21 Result Update - Wipro Ltd - ICICI Direct

ICICI Direct - Covid Recovery Pulse - E-Way bill generation ends March 2021 on strong note...

Derivatives Strategy - Positional Future - ICICI Direct

Gladiator Stocks - Escorts - ICICI Direct

Q4FY21 Company Update - Tata Metaliks - ICICI Direct

Q4FY21 Result Update - MindTree Ltd - ICICI Direct

Q4FY21 Result Update - HDFC Bank - ICICI Direct

ICICI Direct Derivatives Weekly View (April 16): Sustainability above 14700 may trigger fresh uptrend...

Market Outlook - Technical - By Dharmesh Shah, Head - Technical, ICICIdirect

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, on Monsoon outlook

ADD on Wipro - Improving growth visibility - HDFC Securities

Building Materials 4QFY21 Results Preview - Strong demand to support robust margin - HDFC Securities

Consumer Discretionary 4QFY21 Results Preview - Bargains few and far between - HDFC Securities

Consumer Durables 4QFY21 Results Preview - HDFC Securities

Wipro - Q4FY21 Result Update - YES Securities

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, on March 2021 Monthly Trade Balance

Wipro - Q4FY21 Result Update - Lofty multiples leave limited margin of safety - ICICI Securities

FMCG & Alco Bev 4QFY21 Results Preview - HDFC Securities

Maintain BUY on Infosys - Q4FY21 Results Review - Buy the dip - HDFC Securities

Suman Chowdhury, Chief Analytical Officer, Acuité Ratings & Research, on March 2021 WPI Data released today

Non-leveraged financials 4QFY21 Results Preview - HDFC Securities

Infosys - A reality check! - ICICI Securities

Infosys - Q4FY21 Result Update - YES Securities

Polymer price tracker - PVC prices continue to rise - April 15, 2021 - ICICI Securities

Bharti Airtel - Restructuring aimed at digital biz, AGR-tax efficiency - ICICI Securities

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020