TeamLease Services surges over 25% intra-day in two of six trading sessions

The stock hit an intra-day low of Rs 913, bounced back 29% and hit high of Rs 1,178 on the NSE in intra-day trade.

Shares of TeamLease Services turned volatile since its listing in two out of last six trading sessions with the stock rallying over 25% during intra-day trade on the bourses.

Today, at one point, the stock plunged 19% to Rs 913, bounced back 29% and touched high of Rs 1,178 in intra-day trade. The stock finally settled 1.8% higher at Rs 1,151 on the NSE.

On February 12, the stock was listed at Rs 860 against its issue price of Rs 850 a share on the NSE. However, it had slipped to Rs 807, below the initial public offer (IPO) price, before closed at Rs 1,032, the maximum upper limit of the day. The stock surged 28% during intra-day trade.

It rallied further and hit a high of Rs 1,209 during intra-day trade on February 16.

Foreign institutional investors (FIIs) like Goldman Sachs India Fund and The Master Trust Bank of Japan had bought equity shares worth of Rs 82 crore of TeamLease Services through open market.

On February 12, The Master Trust Bank of Japan A/c Nomura India Invest Fund Mother Fund had purchased 513,157 shares of the company at an average price of Rs 934 per share on the BSE and NSE, the bulk deal data shows.

Goldman Sachs India Fund acquired 237,182 shares at Rs 1,005 per share followed by 89,069 shares at Rs 1,123 per share on February 15, the NSE bulk deal data shows.

TeamLease Services	Price on NSE in Rs			Spread*
Date	Close	High	Low	in %
12/02/2016	1022.85	1032.00	806.65	27.9
15/02/2016	1172.55	1185.00	1075.00	10.2
16/02/2016	1164.45	1209.45	1105.00	9.5
17/02/2016	1126.95	1159.75	1105.00	5.0
18/02/2016	1131.05	1154.40	1115.00	3.5
19/02/2016	1150.80	1177.70	912.65	29.0
*Spread between high-low
Source: NSE