Rudra Investment Stock Market Expert report says trading in TeamLease Services has been good in Wednesday’s business. During the trading, the Nifty gained 17 percent to Rs 2392. On Tuesday, the Reserve Bank of India gave the investment limit to the foreign portfolio investors in the company. After that, the stock got bullish today.

FPI investment limit increased

On Tuesday, the Reserve Bank of India has increased the investment limit for foreign portfolio investors to 75 percent in the company. So far, FPI’s stock holding in Team Lease Services is only 24.64 percent. RBI has released a press release to increase the limit of investment limit. Under FEMA 1999, the company has already passed the necessary resolution for this.

Employment and HR Services Company

TeamLease Services is a One Stop Solution Providing Company for all Employment Reliable Services. The company has 8 Regional Offices, in which about 1000 employees are working. The company has an engagement with around 2500 corporate clients and provides services such as staffing, recruitment, regulatory compliance, payroll processing and learning services.

Move on such a Stock Tips

The stock of the company was closed at a price of Rs 2050 on Tuesday. On the same day, open at a price of Rs 2074. During the business, shares rose 17% to a price of Rs 2392. Take the price of Rs 2060 for the stock. At the end of the turnover, shares were up 6 percent to Rs 2168. Talking about the past year, the stock price has increased from Rs 909 to today’s level of 2392 today. That is, the stock has risen 163% in the last one year.

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