Quess Corp Receives 'Buy' Rating and Shows Strong Financials, Making it a Promising Investment

Sep 09 2024 06:53 PM IST
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Quess Corp, a midcap company in the miscellaneous industry, has received a 'Buy' rating from MarketsMojo due to its low Debt to EBITDA ratio and consistent positive results. Technical indicators also suggest a bullish trend, and the stock is currently trading at a discount. However, the company's poor long-term growth should be considered before investing.
Quess Corp, a midcap company in the miscellaneous industry, has recently received a 'Buy' rating from MarketsMOJO. This upgrade is based on the company's strong ability to service debt, with a low Debt to EBITDA ratio of 0.54 times. This positive news is further supported by the company's consistent positive results for the last 3 quarters, with a growth of 83.4% in PAT(Q) and 57.16% in PBT LESS OI(Q).

The stock is also showing a bullish trend, with technical indicators such as MACD, Bollinger Band, KST, and OBV all pointing towards a positive outlook. Additionally, the stock is currently trading at a discount compared to its historical valuations, making it an attractive buy with a Price to Book Value of 4.3.

Furthermore, the company has a high institutional holding of 26.89%, indicating that these investors have the resources and capabilities to thoroughly analyze the company's fundamentals. This is also reflected in the stock's market-beating performance, with a return of 90.85% in the last year, compared to the market's return of 33.83% (BSE 500).

However, there are some risks to consider when investing in Quess Corp. The company has shown poor long-term growth, with an annual growth rate of only 3.75% in operating profit over the last 5 years. This could potentially impact the company's future performance and should be taken into consideration by investors.

Overall, with its strong financials, positive technical indicators, and attractive valuation, Quess Corp is a promising stock to consider for investors looking for potential growth in the midcap miscellaneous industry.
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