TeamLease Services will be 3x in coming futureWe can simply grasp the behavior of this share on a monthly chart. Share gives a bull run and flies from 850 to 3200 on the first try. On the second occasion, it flies from 1400 to 5300 levels, and on the third occasion, we intend to hold it for a new lifetime high, which would be about Rs 7,000 over a longer duration.
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Teamleaselong
Teamlease is picking up some steam.TeamLease Services Ltd. is leading provider of human resource services in India. The company offers temporary staffing solutions, permanent recruitment services, regulatory consultancy for labour law compliance and various educational programs for employees.
TeamLease Services CMP is 2314.05. Negative aspects of the company are high valuation (P.E. = 35.5), declining cash from operations, FIIs decreasing stake and high promoter pledge. Positive aspects of the company are no debt, improving annual net profits and MFs are increasing stake.
Entry is possible after closing above 2335. Targets in the stock will be 2368 and 2397. Long term target in the stock will be 2434 and 2515. Stop loss in the stock should be maintained at closing below 2180.