Buy Quess Corp, target price Rs 915: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Quess Corp with a target price of Rs 915. The current market price of Quess Corp Ltd. is Rs 869.55. Time period given by analyst is Intra Day 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 12836.99 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
Continues making higher lows from the last eight weeks with increased volume as the week concluded

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.