Team Lease Services Ltd Share Price (TEAMLEASE)

Report Predicts Increase in Women's Representation in Tech Workforce - 17 Apr, 2024

A report by TeamLease Digital predicts that the proportion of women in the technology workforce in global capability centres (GCCs) is expected to increase from 25% to 35% by 2027. The report explores various aspects of the female tech workforce in India, including employment in GCCs and non-tech sectors, city-wise trends, in-demand roles, and challenges faced.

Team Lease Services Ltd Shows Positive Business Parameters - 07 Apr, 2024

Team Lease Services Ltd's piotroski score of 8 and positive business parameters, including operating revenues increasing from Rs 2,273 crores to Rs 2,445 crores during Q3FY24, indicate a promising future. Goldman Sachs holds around 10.18 lakh equity shares totaling a 6.08 percent stake in the company.

TeamLease Services Ltd's High P/E Ratio Justified by Forecasted Growth - 05 Apr, 2024

TeamLease Services Ltd's high P/E ratio of 46.8x may be sending bearish signals, but investors are confident in the company's forecasted growth of 35% per year over the next three years. Despite a recent drop in profits, the company has seen an overall rise in EPS of 280% over the past three years. Shareholders are comfortable with the current P/E and future earnings outlook.

Companies Opt for Temporary Hiring Over Permanent Staff - 02 Apr, 2024

Companies in non-banking finance, retail, e-commerce, consumer durables and beverage bottling plants are opting to hire temporary employees over permanent staff for junior roles. Teamlease Services CEO Kartik Narayan said companies prefer temp roles as they can scale up or down depending on business outlook. This trend may benefit staffing firms like Teamlease Services.

TeamLease Digital Signs Contracts with Over 50 Global Capability Centres - 26 Mar, 2024

IT staffing company TeamLease Digital has signed contracts with more than 50 Global Capability Centres (GCCs) to supply specialised staffing, amid a slowdown in job opportunities within the IT services industry.

TeamLease Services Ltd Recommended for Accumulation - 23 Mar, 2024

TeamLease Services has reported 21% YoY growth in FY23 and is expected to end FY24 with around 20% growth. The company's well-diversified client base, national presence, and operational efficiency are critical in achieving economies of scale. TeamLease has historically traded at a premium to its peers and is currently trading at a moderate discount. Market multiples could be under pressure due to fluctuations in key sectors, offering an opportunity for new investors to accumulate the stock.