QUESS trade ideas
Few more hurdles and Quess will not be a Question mark.Quess Corp Ltd. is one of the leading business service provider in India. They provide technology enabled staffing and managed outsourcing services across processes such as sales and marketing, back office operations, manufacturing operations and many more. The company operates in four main business verticals: workforce management, operating assets management, global technology solutions, product led businesses. Quess Corp CMP is 433.75.
Negative aspects of the company are high valuation (P.E. = 27.9), declining annual net profits, declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake. Positive aspects of the company are low debt, promoter holding increasing and zero promoter pledge.
Entry after closing above 445. Target of the call will be 462 and 489. Long term targets in the stock will be 542. Stop loss in the stock should be maintained at closing below 398.
Quess Corp Buy for 24% profit 4-5 monthThe Quess Corp stock seems to be very well placed with small correction and then bounced back from its support level.
Buy quess corp for next 4-5 month. Target is 1050 to 1100 which is roughly 22% to 28% profits from current levels of 858.
Keep stop loss of 740 on weekly closing basis.