The TeamLease Services stock has not had a good year so far with the counter. Losing 15 percent in the first two months of 2018. But Motilal Oswal is positing on the staffing sector and they see a 29 percent upside to the stock going forward. In an interview with CNBC-TV18, N Ravi Vishwanath, CFO of Teamlease spoke about the latest happenings in his company and sector.
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The TeamLease Services stock has not had a good year so far with the counter. Losing 15 percent in the first two months of 2018. But Motilal Oswal is positing on the staffing sector and they see a 29 percent upside to the stock going forward. In an interview with CNBC-TV18, N Ravi Vishwanath, CFO of Teamlease spoke about the latest happenings in his company and sector.
The company had planned to get into the specialised staffing business at the time of the initial public offering (IPO), he said.
On revenue front, Vishwanath said that the IT margins has gross margins upwards of 25 percent and net margins of between 12 and 14 percent.
We hope to see upwards of about 20-25 percent growth in the IT staffing business, he further mentioned.
For full interview, watch accompanying video…
