Hot Pursuit     22-Nov-17
TeamLease Services jumps after T Rowe Price buys stake
TeamLease Services rose 9.66% to Rs 2,075 at 11:38 IST on BSE after a global investment management firm T Rowe Price purchased stake in the company via bulk deals on NSE yesterday, 21 November 2017.
Meanwhile, the S&P BSE Sensex was up 56.55 points, or 0.17% to 33,534.90.

On the BSE, 11,000 shares were traded in the counter so far, compared with average daily volumes of 1,275 shares in the past one quarter. The stock had hit a high of Rs 2,184.95 so far during the day, which is also a record high for the counter. The stock had hit a low of Rs 1,950 so far during the day. The stock hit a 52-week low of Rs 828.05 on 5 December 2016.

The stock had outperformed the market over the past 30 days till 21 November 2017, rising 14.69% compared with 2.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 28.04% as against Sensex's 6.05% rise. The scrip had also outperformed the market in past one year, rising 122.61% as against Sensex's 28.96% rise.

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

T. Rowe Price International A/C - T Rowe Price International Small-Cap Equity Trust bought 85,736 shares (0.50% stake) and International Discovery Fund bought 7.50 lakh shares (4.39% stake) in TeamLease Services at Rs 1,885 per share through separate bulk deals on NSE yesterday, 21 November 2017.

GPE (India) sold 6.56 lakh shares (3.84% stake) in TeamLease Services at Rs 1,885.04 per share through a bulk deal on NSE yesterday, 21 November 2017. Gaja Capital India Fund I sold 1.53 lakh shares (0.90% stake) in TeamLease Services at Rs 1,885 per share through a bulk deal on NSE yesterday, 21 November 2017.

As on 30 September 2017, GPE (India) held 17.71 lakh shares (10.36% stake) and Gaja Trustee Company 4.13 lakh shares (2.419% stake) in TeamLease Services.

TeamLease Services' consolidated net profit rose 98.1% to Rs 17.43 crore on 21.2% rise in net sales to Rs 875.61 crore in Q2 September 2017 over Q2 September 2016.

TeamLease Services is one of India's leading human resource service companies in the organized segment.

Previous News
  TeamLease Services snaps 5-day losing streak
 ( Hot Pursuit - 27-Dec-21   13:42 )
  Team Lease Services Ltd leads losers in 'A' group
 ( Hot Pursuit - 04-Apr-22   15:00 )
  Volumes soar at Team Lease Services Ltd counter
 ( Hot Pursuit - 07-Jun-23   11:00 )
  Team Lease Services to convene board meeting
 ( Corporate News - 06-Jul-22   12:32 )
  Team Lease Services standalone net profit rises 34.57% in the September 2018 quarter
 ( Results - Announcements 30-Oct-18   16:59 )
  Team Lease Services consolidated net profit declines 7.59% in the September 2020 quarter
 ( Results - Announcements 10-Nov-20   17:21 )
  Volumes soar at Team Lease Services Ltd counter
 ( Hot Pursuit - 19-Apr-21   11:00 )
  Team Lease Services Ltd leads losers in 'A' group
 ( Hot Pursuit - 01-Aug-22   15:00 )
  Team Lease Services to hold board meeting
 ( Corporate News - 27-Jan-23   10:40 )
  Team Lease Services to acquire stake in Avantis Softech
 ( Corporate News - 03-Aug-18   16:19 )
  Team Lease Services appoints company secretary
 ( Corporate News - 30-Oct-18   17:07 )
Other Stories
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top