By Aditya Raghunath
Investing.com -- Data from LinkedIn showed that hiring in India is picking up again. It dropped from 50% in March 2021 to 10% in April before rising up to 35% in May. While the numbers are still small, and nowhere near pre-pandemic levels, does this mean that companies dealing with recruitment and payroll service will see an increase in their stock prices?
- Teamlease Services Ltd (NS:TLSV): This stock is currently trading at Rs 3,793.8. The stock is up 42.2% in 2021. Brokerage firm Motilal Oswal (NS:MOFS) has a target of Rs 4,000 on the stock while Prabhudas Lilladher’s target is Rs 4,136 and ICICI Direct has a target of Rs 4,205.
- Quess Corp Ltd (NS:QUEC): Quess Corp shares have moved up almost 140% in the last one year, and have gained 51% in 2021. The stock has been moving sideways since the middle of June, and it could be taking a breather before moving up again. Chandan Taparia of Motilal Oswal has given the stock a target of Rs 915.
- Info Edge India Ltd (NS:INED): This parent company holds names like Naukri.com, Zomato, Jeevansathi and Policybazaar in its portfolio. The stock has hardly moved in the last six months, gaining just 0.31%, and is trading at Rs 5,400.95 currently. However, it has gained 90% since July 10, 2020. The Zomato IPO set for July 14 could act as a trigger for Info Edge. ICICI Securities has given a target of Rs 6,300 for the stock while Edelweiss says it can hit Rs 5,460.