Quess Corp Share Price: The new year 2025 is about to knock. Companies from different segments have planned vigorous hiring in the new year. And Quess Corp is going to get the biggest benefit of this hiring. In such a situation, brokerage house Antique Stock Broking Limited has advised investors to buy Quess Corp stock to get great returns from the market. According to the brokerage house, the stock of Quess Corp can soon touch the level of Rs 1000.
50% jump possible in Quess Corp stock
For the year 2025, brokerage houses are coming up with great ideas for investors to invest. In such a situation, Antique Stock Broking has found the stock of Quess Corp for investment. According to the brokerage house, the stock of Quess Corp can go up to the level of Rs 1000, which closed at the level of Rs 670 on 16 December 2024. That is, the stock can rise by 50 percent from the current level. Quess Corp is India's largest and the world's 46th largest staffing company in terms of revenue. The company provides staffing solutions to facility management and IT services.
Strong hiring will benefit
Antique Stock Broking said in its research report, Quess Corp is going to benefit a lot from strong hiring in different segments. The company is going to benefit from the formalization of the economy due to labor reforms, boom in gig economy, emphasis on capital expenditure through PLI schemes, emphasis on manufacturing due to China + 1 and increasing opportunities in tier-2 cities. Due to increasing urbanization in India and rapid growth of GCC, continued strength in BFSI, manufacturing, telecom sectors, Quess Corp's revenue is going to grow at an annual growth rate of 12 to 14 percent in the period of FY 2024-27.
Market cap is around 10000 crores
In view of these things, the brokerage house has advised investors to buy the stock of Quess Corp and has given a target price of Rs 1000 which is 50 percent above the current price of the stock. The market cap of Quess Corp is currently Rs 9962 crore and the book value of the stock is Rs 173.48. The face value of the share is Rs 10 which is trading at Rs 670. Quess Corp stock has given a return of 28 percent to investors in 2024.
--Advertisement--