The IIFL Securities Report: Buy Quess Corp - May 08

iiFL Securities has issued a buy call on Quess Corp, with a target price of Rs 665. The firm believes that the company's strong order book, focus on digital initiatives, and improving margins will drive growth. Quess Corp's current market price is Rs 641, presenting a potential upside of 3.7%. The stock has been trading sideways over the past few months, and this call may provide investors with an opportunity to enter at a favorable price.

About Quess Corp:

Quess Corp, listed on the National Stock Exchange (NSE), is a leading provider of integrated human capital management (HCM) solutions in India and other global markets. The company offers a comprehensive range of HCM services, including staffing, recruitment, payroll outsourcing, workforce management, and facility management. With a robust presence across India, North America, the Middle East, and South East Asia, Quess Corp caters to various industries, including manufacturing, healthcare, IT, banking, and retail. The company's expertise in understanding industry-specific HR requirements and providing customized solutions sets it apart in the HCM market.

52 Week Price Trend:

Quess Corp's (NSE: QUESS) current market price (CMP) of Rs. 641 falls within its 52-week price range of Rs. 337.45 (low) and Rs. 582 (high). Despite experiencing a surge in share price in the past, the company's current valuation indicates a potential for further growth. With a stable financial performance and a strong presence in the business services industry, Quess Corp remains an attractive investment opportunity for long-term investors seeking exposure to the growing outsourcing and staffing sector.

Stratzy's MOST Analysis:

QUEST has been rated BB- by Stratzy's MOST framework, which assesses a stock's fundamental risks based on four pillars: Management, Outlook, Safety, and Trend. This rating indicates that QUESS carries Medium Fundamental Risks. The MOST framework assigns scores to each pillar, resulting in an overall score that ranges from AAA (Lowest Risk) to CC- (Highest Risk). A BB- rating suggests that while QUESS has some strengths, there are also areas where it faces challenges, and investors should exercise caution before investing.

Company's Fundamentals:

Quess Corp (NSE:QUESS), a company listed on the National Stock Exchange of India, currently trades at a Price-to-Earnings (PE) ratio of 34.04. This indicates that investors are willing to pay Rs. 34.04 for every Re. 1 of the company's earnings. Its Price-to-Book (PB) ratio of 2.93 suggests that the market value of the company's assets is 2.93 times its book value, indicating a premium valuation. Additionally, Quess Corp offers a Dividend Yield of 1.5%, implying that investors can expect to receive a dividend of Rs. 1.50 for every Rs. 100 invested in the company's stock.

Fundamental and Technical information provided in this blog were last updated on 08 May, 2024

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