As India Inc Starts Hiring Again, Is It Time to Look at These 3 Workforce Stocks?

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As India Inc Starts Hiring Again, Is It Time to Look at These 3 Workforce Stocks?
Credit: © Reuters.

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?

  1. 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.
  2. 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.
  3. 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.

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  • Reena Paratey @Reena Paratey
    Can author put better graphic to showcase Indian article
    Like 0
  • Reena Paratey @Reena Paratey
    Poor article
    Like 0
  • Ajinkya Nikam @Ajinkya Nikam
    Info Edge will go beyond Six Thousand for sure
    Like 0
  • Ajinkya Nikam @Ajinkya Nikam
    Info Edge will go beyond 6000 for sure
    Like 0
  • dinesh kalani @dinesh kalani
    I think info edge given target is not justified at all...
    Like 0

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