Buy Quess Corp, target price Rs 545: Motilal Oswal

Motilal Oswal Financial Services has buy call on Quess Corp with a target price of Rs 545. The current market price of Quess Corp Ltd. is Rs 508.3.

Quess Corp Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 7556.85 Crore) operating in Services sector.

Quess Corp Ltd. key Products/Revenue Segments include Other Services which contributed Rs 7740.23 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2020.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2615.07 Crore, up 8.53 % from last quarter Sales of Rs 2409.43 Crore and down -1.33 % from last year same quarter Sales of Rs 2650.25 Crore Company has reported net profit after tax of Rs 49.91 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 55.3 per cent stake in the company as of Sept 30, 2020, while FIIs held 17.4 per cent, DIIs 13.9 per cent and public and others 13.4 per cent.