India's Teamlease Services drops after Q1 profit miss

Teamlease Services

01/08/2024 06:49

** Shares of India's Teamlease Services  TLSV.NS  drop 3.2%
to 3,403.4 rupees, set to snap a four-session winning streak
    ** Staffing firm's Q1 profit missed estimates 
    ** Mixed quarter, believe headwinds to be behind and margin
likely to recover Q2 onwards - brokerage Motilal Oswal 
    ** Out of 9 analysts covering the stock, at least three
hiked PTs after results, lifting median PT to 3,455 rupees on
the day from 3,330 rupees a month ago - LSEG data
    ** Day's move trims YTD gains to 6.3% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))