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Last Updated : Apr 12, 2018 01:41 PM IST | Source: Moneycontrol.com

Buy Quess Corp, target Rs 1200: Shailendra Kumar

"The management is confident of 50 percent+ YoY growth for the foreseeable future: 20 percent organic and 30 percent from acquisitions. Directionally, EBITDA margin of 8 percent is the objective. Our immediate price target is Rs 1200," says Shailendra Kumar, Chief Investment Officer at Narnolia Securities.

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Shailendra Kumar

While manpower outsourcing is a mature business in the developed world, such companies are still in their early phase of growth in India. Quess Corp has created a formidable platform in the large business services space. Many businesses in India have been deciding that they can be more efficient, effective, and competitive if they buy certain services on the outside that they have hitherto taken care of internally.

The management is confident of 50 percent+ YoY growth for the foreseeable future: 20 percent organic and 30 percent from acquisitions.

Directionally, EBITDA margin of 8 percent is the objective. Our immediate price target is Rs 1200.

Disclaimer: The author is Chief Investment Officer at Narnolia Securities. The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Apr 12, 2018 01:41 pm
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