ICICI Securities On Business Service Sector - Springboards On Job Market Rebound; Regulatory Tailwinds
Employees work at a call centre. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Securities On Business Service Sector - Springboards On Job Market Rebound; Regulatory Tailwinds

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Securities Report

Business services stocks like Quess Corp Ltd., TeamLease Services Ltd. remained our high-conviction ideas over the previous six months and Security and Intelligence Services India Ltd. for around a month.

In line with our expectations, these stocks delivered stellar returns over the respective horizons (up to approximately three times returns over six month versus ~48%-59% benchmark return; up to 25% over one month versus 12%-13% benchmark return).

Partly, this was led by the strong comeback in the job market. After dismal months of April-May, which witnessed significant job losses, employment staged a steady rebound.

Click on the attachment to read the full report:

ICICI Securities Business Services Sector Update.pdf

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