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Last Updated : May 29, 2018 06:06 PM IST | Source:

Buy Quess Corp; target of Rs 1315: Edelweiss

Edelweiss is bullish on Quess Corp has recommended buy rating on the stock with a target price of Rs 1315 in its research report dated May 18, 2018.

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Edelweiss' research report on Quess Corp

Quess Corp’s (Quess) Q4FY18 earnings came largely in line with expectations, adjusted for one-time non-cash charge of INR390mn. For FY18, while top line grew 43% (~30% organic), EBITDA and PAT jumped 49% and 138%, respectively. In our view, the key highlight of FY18 was the company gaining market leadership in general staffing by adding ~43,000 employees (total 1,57,000 ).


We continue to value Quess on DCF basis and peg our revised target price at INR1,315 as we revise up FY19/20 PAT estimates 0.5% each to factor in FY18 numbers. We maintain ‘BUY’ and retain Quess as an integrated play on the Indian business services segment.


For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

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First Published on May 29, 2018 06:06 pm
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