Service sector shares to buy: Asset light & annuity income: 5 stocks from new services sector; growing at steady rate, with upside potential of up to 45% in 1 year
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Synopsis A service provider whose services are used by literally every bank in India. A facilities management firm with ties to new age logistic companies as well as builders, to whom it supplies integrated HR solutions. These are new kinds of services that have grown sharply in the past few years, eventually getting these companies listed on the exchange. They will surely face challenges with the emergence of newer technologies seeking to further reduce the use of manpower. But at the same time, the overall market for their services will only grow as it is used by more and more customers from every segment. “Services” is a very broad term. Everything from the supply of manpower to handling of cash logistics are services. But somehow companies providing these are not classified as service companies. The reason: It is IT services that have hogged the headlines. Hence, the service sector has become synonymous with “IT services”. But many ne...