Meanwhile, the S&P BSE Sensex was up 85.97 points, or 0.3%, to 28,609.17

On BSE, so far 2,158 shares were traded in the counter, compared with average daily volume of 3,687 shares in the past one quarter. The stock hit a high of Rs 1,156 and a low of Rs 1,123.85 so far during the day. The stock hit a record high of Rs 1,207.70 on 16 February 2016. The stock hit a record low of Rs 790 on 28 April 2016. The stock had outperformed the market over the past 30 days till 20 September 2016, rising 3.06% compared with 1.92% rise in the Sensex. The scrip also outperformed the market in past one quarter, rising 19.45% as against Sensex's 6.57% rise.

The small-cap company has an equity capital of Rs 17.10 crore. Face value per share is Rs 10.

TeamLease Services yesterday, 20 September 2016, announced the signing of a definitive agreement to acquire Nichepro Technologies (Nichepro). TeamLease Services will acquire Nichepro for an enterprise value of Rs 29.5 crores through its wholly owned subsidiary, TeamLease Staffing Services. The transaction, which will be immediately accretive to the company's earnings per share, will be financed with existing financial resources and is expected to close before the end of October 2016, TeamLease Services said. The transaction remains subject to customary closing conditions and regulatory approvals, the company said.

Bangalore headquartered Nichepro offers IT staffing solutions to various IT product companies with over 150 associates and 30 core employees as of date. Nichepro is a Tier 1 staffing provider to reputed multinational corporations and niche product companies. Nichepro realized revenue of approximately Rs 26 crore from staffing services with an earnings before interest, taxation, depreciation and amortization (EBITDA) of approximately Rs 6.8 crore in the year ended 31 March 2016 (FY2016).

Ashok Kumar Nedurumalli, Managing Director & Co-Founder, TeamLease Services said this acquisition strengthens the company's IT staffing vertical.

Team Lease Services' consoldiated net profit rose 48.39% to Rs 7.36 crore on 20.71% rise in net sales to Rs 675.16 crore in Q1 June 2016 over Q1 June 2015.

TeamLease Services provides human resource services. Its services span the entire people supply chain of human resources, covering employment, employability and education. Its employment services include staffing solutions, recruitment services and compliance services. The company's employability offerings include different types of learning and training solutions for retail, institutional and enterprise customers.