TeamLease Services plunges 18%, hits two-year low on margin concerns

Shares of TeamLease Services plunged 18 per cent to hit a two-year low of Rs 2,331 on the BSE in Thursday’s intra-day trade due to margin concerns.

The stock was trading at its lowest level since November 2020. In the past one year, the market price of the company has halved as compared to a 0.24 per cent rise in the S&P BSE Sensex. The stock had hit a record high of Rs 5,544 in October 2021.

At 01:38 pm; TeamLease was trading 16 per cent lower at Rs 2,406 as compared to a 0.85 per cent decline in the S&P BSE Sensex.

TeamLease Services is a leading HR services company offering a range of solutions to 3500+ employers for their hiring, productivity, and scale challenges.