Quess-Corp

Quess Corp Hits ₹1,000 Target, Stock Jumps 7% in Early Trade as Analysts Eye Strong Growth Ahead

 

Shares of Quess Corp jumped sharply by 7% on Tuesday after a brokerage house, Antique Stock Broking, initiated its coverage with a strong'buy' rating. Quess Corp hit a record for the first time and had set a price target at ₹1,000 through its bold recommendation by this brokerage house. 

The target indicates a promising 49% upside from Monday's closing price.

 

Strong Growth Signals for Quess Corp

 

The optimism of Antique can be derived from key growth drivers such as the increasing formal economy in India and hiring trends in multi-industry sectors. Labor reforms, growing demand for gig workers, and government policies like PLI schemes have given Quess Corp a good foundation for the expansion. Growing manufacturing opportunities through strategies like China+1 and further opportunities in smaller cities are accelerating the company's momentum.

According to Antique’s estimates, Quess Corp’s revenue could grow at a Compounded Annual Growth Rate (CAGR) of 12-14% between FY2024 and FY2027. This signals strong long-term growth potential. The brokerage sees the company as well-positioned to benefit from India’s economic transformation since businesses move toward organized staffing and employment solutions.

 

Quess Corp Stock Soars on Positive Ratings

 

After Antique gave an upbeat assessment, the stock of Quess Corp surged to an intraday high of ₹718 by gaining more than 7% in early trade. So far, in 2024, the stock has already increased 38%, showing strong investor confidence. Despite recent corrections from a peak of ₹875, analysts remain optimistic about the company’s future. Eight of nine analysts tracking the stock have issued a “buy” rating, while only one holds a “hold” view.

After Antique gave an upbeat assessment, the stock of Quess Corp surged to an intraday high of ₹718 by gaining more than 7% in early trade. So far, in 2024, the stock has already increased 38%, showing strong investor confidence. Despite recent corrections from a peak of ₹875, analysts remain optimistic about the company’s future. Eight of nine analysts tracking the stock have issued a “buy” rating, while only one holds a “hold” view.

Currently, Quess Corp remains an emerging leader in the staffing and employment solutions space. Organized staffing demand, improvement in hiring patterns, and economic reforms are strong indicators of additional upside for the company.