Team Lease Services - Slow and Steady to 5700 and 10000!!
:) I have only one updated. *Team Lease Services*. Rest I'll have to plot again and will share when ready.
CMP: 5343
Target 1: 5719
Target 2: 6848
Target 3: 7546
SL: 4242
Long Term Target: 10,400
Team Lease is on fire but seems to be approaching some targets in wave 3. Has been making higher high, higher low continuously and is respecting the trend lines as well. HR Domain. With the job boom coming again, there is no falling back. In fact cashflow changed by 3000% from Mar'20 to Mar'21
Institutions hold roughly 54% that too mainly FIIs.
Promoters around 34%
Low Debt to Equity: -0.32
MACD, Moving averages on Daily all are bullish.
Valuation wise, it's expensive. PE and PB are high at 98.2 and 13.1 respectively. PE industry is around 31.7.
PEG: 0.6
ROCE ~20%
ROE ~12%
Profit Before taxes continuously increasing after Q2 2020 which was expected given job cuts.
Last quarter also had highest sales.
Insiders have been selling every quarter for the last four quarters so be cautious with entry before. The company has started moving into payroll and skill training as well where payroll can be promising if they expand internationally.
CMP: 5343
Target 1: 5719
Target 2: 6848
Target 3: 7546
SL: 4242
Long Term Target: 10,400
Team Lease is on fire but seems to be approaching some targets in wave 3. Has been making higher high, higher low continuously and is respecting the trend lines as well. HR Domain. With the job boom coming again, there is no falling back. In fact cashflow changed by 3000% from Mar'20 to Mar'21
Institutions hold roughly 54% that too mainly FIIs.
Promoters around 34%
Low Debt to Equity: -0.32
MACD, Moving averages on Daily all are bullish.
Valuation wise, it's expensive. PE and PB are high at 98.2 and 13.1 respectively. PE industry is around 31.7.
PEG: 0.6
ROCE ~20%
ROE ~12%
Profit Before taxes continuously increasing after Q2 2020 which was expected given job cuts.
Last quarter also had highest sales.
Insiders have been selling every quarter for the last four quarters so be cautious with entry before. The company has started moving into payroll and skill training as well where payroll can be promising if they expand internationally.
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