MOSL: Morning India (21/September/17)-1. Staffing: Well placed! (Thematic)-2. Reliance Inds.-3. Tata Steel-4. Lupin-5. M&M-6. Telecom-7. Aviation
​MOrning India (21/September/17): 1. Staffing: Well placed! (Thematic); 2. Reliance Inds.; 3. Tata Steel; 4. Lupin; 5. M&M; 6. Telecom; 7. Aviation
Today’s top research theme
THEMATIC | Staffing: Well placed! Multiple opportunities ensure sustenance of superior growth
- ​The Staffing industry is on a structural growth path, driven by two key themes - under penetration and formalization. These factors, in the backdrop of a favorable regulatory push are expected to result in the organized industry growing at a 22% CAGR over the next five years, and 16% CAGR for the five after that.
- The two listed companies in the sector have both adopted contrasting strategies. While Quess is expansive, broadening its offerings through acquisitions, TeamLease has been a focused staffing and HR player. Ample opportunities exist in staffing and ancillary services given which we are positive on both the companies.
- Superior growth of 25%+ is expected to continue going forward, which along with margin expansion result in compounded earnings.
Piping hot news
Government planning additional measures to boost growth: Jaitley
- ​Union Finance Minister Arun Jaitley on Wednesday said the government was planning to come out with additional measures to bolster the economy that has hit a three-year low of 5.7 per cent in the first quarter of the current fiscal.
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