Temporary staffing companies Quess Corp Ltd, TeamLease Services Ltd, and Security and Intelligence Services (India) Ltd (SIS India) reported decent employee additions for FY19. Management commentaries indicate that the outlook for general staffing businesses is robust for FY20 as well. As for their stock performances, Quess Corp. and TeamLease Services have rallied quite a bit since their listing in 2016. SIS India, which was listed recently, has posted comparatively muted returns. As the chart alongside shows, TeamLease Services has outperformed the Nifty 500 index and its peers in the recent past.

Source: Mint June 02, 2019 16:07 UTC