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.
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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.
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