Buy Quess Corp, target price Rs 690: IIFL Securities

IIFL Securities recommends a buy call on Quess Corp with a target price of Rs 690, representing a potential upside of approximately 3.05%. The current market price of Quess Corp is Rs 669.95. This recommendation is based on the company's strong fundamentals, including robust growth prospects, healthy margins, and a solid balance sheet. The brokerage firm believes that Quess Corp is well-positioned to benefit from the growing demand for staffing and managed services in India.

About Quess Corp:

Quess Corp Limited is a leading provider of integrated business services in India, operating across various industries including staffing, technology, and facilities management. The company offers a comprehensive range of services, including recruitment, training, payroll management, IT infrastructure, and security services. Quess Corp has a strong presence in over 50 cities across India and has a workforce of over 160,000 employees. The company is headquartered in Bengaluru, India.

52 Week Price Trend:

Quess Corp (NSE: QUESS) is currently trading at Rs 669.95, representing a significant premium to its 52-week low of Rs 337.45. However, it remains below its 52-week high of Rs 582. This range-bound movement suggests that investors are still evaluating the company's prospects, particularly in the face of ongoing economic uncertainties. The stock may continue to fluctuate within this range until there are clearer indications of future growth drivers.

Stratzy's MOST Analysis:

QUESS has been rated BB- by Stratzy's MOST framework, indicating medium fundamental risks. This assessment is based on its Management, Outlook, Safety, and Trend. The rating suggests that QUESS has satisfactory management practices, a cautious outlook, adequate financial safety measures, and a positive trend. However, investors should be aware of potential risks associated with the company's operations and consider them when making investment decisions.

Company's Fundamentals:

Quess Corp (NSE: QUESS) is a leading business services provider in India. Its current stock price-to-earnings ratio (PE) of 34.04 indicates that investors are paying 34.04 times the company's annual earnings per share for its stock. The price-to-book ratio (PB) of 2.93 suggests that the market value of the company's assets is 2.93 times its book value. Additionally, Quess Corp offers a dividend yield of 1.5%, providing investors with a potential return on their investment through regular dividend payments.

Fundamental and Technical information provided in this blog were last updated on 11 May, 2024

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