Buy Quess Corp, target price Rs 820: Motilal Oswal

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Motilal Oswal has buy call on with a target price of Rs 820. The current market price of Quess Corp Ltd. is Rs 709.85. Time period given by analyst is year when Quess Corp Ltd. price can reach defined target.

Quess Corp Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 10342.69 Crore) operating in Services sector.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3007.86 Crore, up 6.75 % from last quarter Total Income of Rs 2817.74 Crore and up .15 % from last year same quarter Total Income of Rs 3003.20 Crore. Company reported net profit after tax of Rs -57.44 Crore in latest quarter.

Investment Rationale
Over the medium term, the brokerage expects QUESS to be a big beneficiary of the recent labor law reforms. It’s TP of INR820 per share implies a multiple of 18x FY23E EPS


Promoter/FII Holdings
Promoters held 55.2 per cent stake in the company as of March 31, 2021, while FIIs held 17.3 per cent, DIIs 14.5 per cent and public and others 12.9 per cent.

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(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)

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