IT-Software and Insurance sectors record 28% growth in Feb'16 over Feb'15, reports Naukri Job Speak

The Naukri Job Speak Index for the month of February 2016 stood at 1937 recording an increase of 18% in hiring activity over February 2015. Sustainable growth in hiring activity during the period led to an impressive Y-o-Y growth for IT-Software and Insurance sector. Increased hiring sentiment was also recorded in ITES (17%) and Telecom (6%), where hiring activity remained positive for most parts of the period Feb'15-Feb'16. A negative hiring sentiment was recorded in BFSI, where the period started on a positive note and despite spurts of recording growth during the year, ended with a decline of -5% in Feb'16 over Feb'15.

Demand for professionals in top sectors also recorded positive movement. IT-Software recorded an increased demand of 21% in hiring professionals, the positive trend that started from Feb'15 saw upsurge in the months of June-July'2015 and ended with index reaching more than 2650 for IT-Software in Feb'2016.

Demand in ITES saw a growth in hiring professionals going up by 26%, the index that started at 1891 in Feb'15 remained positive for most parts of the period of Feb'16 over Feb'15 and witnessed a sudden increase in Feb'16 with index reaching 2373, thereby increasing the demand. Sales professionals saw demand in their jobs going upwards by 15%, the month of June-July 2015 spelt good news and the period ended on a positive note for them.

Among the metros, Mumbai leads the growth with 24% increase in hiring activity in Feb'16 over Feb'15. Delhi/NCR came second with 23% growth, and Bengaluru was at third position with 22% growth in the Naukri Job Speak Index for Feb'16 over Feb'15.

V. Suresh, Chief Sales Officer, Naukri.com said, "As predicted earlier, Job market seems to sustain the momentum gained over the last few quarters and is heading North with 18% growth in February 2016. Looking at the consistency and pace at which the index is moving over the past few months, I am cautiously optimistic that we are at the cusp of a solid growth phase and good times are ahead for jobseekers."

Industry-wise Analysis: Core sectors such as IT-Software, Insurance and ITES have shown positive trends, others are as following:

- Pharma and Biotech record a growth 12%
- Automobiles and Telecom are up by 7% and 6% respectively
- Real Estate witnessed a Y-o-Y growth of 6%
- FMCG recorded a growth of 29%
- Construction and IT-Hardware reported a decline of -11% and -22% respectively

Functional Area Analysis

- Demand for Top Management professionals witnessed an impressive 51% Y-o-Y growth
- Marketing and Accounts professionals also witnessed growth in demand by 39% and 27% respectively
- Banking professionals also recorded 15% growth in their jobs in the Feb'16 index
- Demand for Project Management professionals continues to decline with -16% decrease in the Feb'16 index

City Wise Analysis

All metro cities registered an increase in hiring activity in February 2016 over February 2015

- Mumbai leads the race with 24% growth
- Delhi/NCR and Bangalore are at 23% and 22% respectively
- Kolkata records a growth of 21%
- Hyderabad, Pune and Chennai witness a growth of 15%, 13% and 12% respectively.

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.798 as compared to the previous close of Rs. 777.55. The total number of shares traded during the day was 1824 in over 166 trades.

The stock hit an intraday high of Rs. 798 and intraday low of 770. The net turnover during the day was Rs. 1435926.

Source : Equity Bulls

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