Temporary staffing companies in the listed space such as Quess Corp. Ltd, Teamlease Services and SIS India Ltd are likely to benefit from the 'back to work' theme. Second, listed staffing companies are expected to benefit from some regulatory tailwinds such as provident fund subsidy and implementation of new labour laws. Temporary staffing firms were seen among the key beneficiaries of this demand shift. Also, staffing companies enjoy a tax holiday under Section 80JJAA of the Income Tax Act.) any change in this law would have an adverse impact on the cash flow of listed companies in this space, analysts caution.

Source: Mint December 30, 2020 05:56 UTC