Asset light with possible annuity income stream: 5 non IT, services sector stocks with upside potential of up to 31%

Service companies beyond the IT sector have gained prominence, with several getting listed in recent years. Firms like Teamlease, SIS, and Quess Corp offer essential backend services for industries such as banking, logistics, and real estate. They operate using asset-light models, ensuring steady revenue and market interest, despite competition risks and changing market dynamics.