Stock of Interest

Posted On: October 6, 2023

Stock Report: TEAMLEASE(NSE) 05 Oct 2023

TeamLease Services Ltd provides human resource services. Its employment services include temporary staffing solutions, permanent recruitment services, and regulatory consultancy for labor law compliance. Its segments are General Staffing and Allied Services, which include Staffing, Temporary Recruitment and Payroll & NETAP, and Other HR Services segments, which Comprises Regulatory Compliance and Training, etc. The General staffing and Allied Services segment generates the majority of revenue. Geographically the company operates in India and outside India, where the major revenue is generated from India itself. 

#xCalData predicts that # TEAMLEASE will continue its bullish phase over the next five days and trend within the range of 2617 to 2832. 

In comparison to the previous month, the price of the stock has experienced an increase of 7.8% indicating a bullish. 

The Stock has doubled twice since 05 Dec 2016 and took an average of 2.1 years to double.   

The stock has shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 1 years in the past.

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Trendline indicate Bearish view. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days.

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