Espresso shot of the day – Quess Corp Ltd up by 5.24 percent

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Espresso shot of the day – Quess Corp Ltd up by 5.24 percent

November 11, 2021
Espresso shot of the day – Quess Corp Ltd up by 5.24 percent

QUESS CORP LTD 939.65  (+5.24%) BSE – INE615P01015 | 11TH NOVEMBER 2021


Quess Corp Limited (Quess) is India’s leading business services provider, leveraging their extensive domain knowledge and future-ready digital platforms to drive client productivity through outsourced solutions. They provide a host of technology enabled staffing and managed outsourcing services across processes such as sales & marketing, customer care, after sales service, back office operations, manufacturing operations, facilities and security management, HR & F&A operations, IT & mobility services, etc. Their passion for delivering exceptional services, augmented by proprietary digital platforms, has strongly established their credentials as India’s largest employer in the private sector and the biggest integrated business services provider in the country. They are proud to have achieved this success as a 14-year old start-up. A core value driving our business is constantly making the workforce more productive. Their business strategy is aligned to this, including training and skill development for better employability, helping job seekers easily find employment opportunities, digitizing workflows, and providing social security benefits to a wider employable population. Established in 2007 and headquartered in Bengaluru, Quess today has unmatched geographic presence and scale with more than 64 locations across India, South East Asia & North America, backed by technology-intensity and domain specialization to create unmatched service experiences.

Recent Drivers

  • On Nov 9, 2021, the Company considered declaring the divided for financial year 2021.
  • On Oct 21, 2021, QJobs, a Quess Corp-owned platform for blue and grey collar job seekers, has touched 1-million user mark in the last 10 months.
  • On Sep 29, 2021, Quess Corp allotted 30,801 equity shares of Rs. 10/- each to the RSUs holders.
  • On Sep 20, 2021, Quess Corp’s general staffing division hired more than 50,000 people in the last 12 months and 2.5 lakh associates in the past 5 years.
  • On Aug 6, 2021, the Company reported net sales of Rs.2986.91 crores.
  • On Aug 6, 2021, the Company reported profit of Rs.44.63 crores.
 (Sources: Business Line, The Hindu, BSE)


Technical Force*

  • S&P BSE 500 month till date gain up by 2.14%
  • 3 months avg. NSE volume: 1,97,368
  • Quantity traded: 7,479 | Deliverable quantity: 3,312 (44.28%)
  • Stock price has jumped by more than 125% from a one-year low level: 395.25 (Nov 11, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 990.00 | 52-week-low: 395.25


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 1208.75

923.90

735.10

450.25

261.45

-

-

    -

Fibonacci Pivot

923.90

742.97

631.18

559.19

450.25

341.31

269.32

157.53

    -


Today’s Close

939.65

SMA

BSE

10 DAY

892.26

20 DAY

903.49

50 DAY

903.27

200 DAY

767.58


Some Key Ratios (Source: BSE)

Market Cap: 13,886.63 crores

PE: -238.59

OPM%: 3.38

ROE%: -2.62

Promoters holding%: 51.82

Prev. Close: 892.90


Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.