Quess Corp will be famous due to strong hiring in 2025, company’s stock will give bumper returns.

Quess Corp Share Price: New year 2025 is going to knock. Companies from different segments have made vigorous hiring plans in the new year. And the biggest benefit of this hiring is going to be to Quess Corp. In such a situation, brokerage house Antique Stock Broking Limited has advised investors to buy the stock of Quess Corp to get excellent returns from the market. According to the brokerage house, the shares of Quess Corp may soon touch the level of Rs 1000.

50 percent rise possible in Quess Corp shares

Brokerage houses are coming up with great investment ideas for investors for the year 2025. 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 December 16, 2024. That means the stock may rise by 50 percent from the current level. Quess Corp is India’s largest and 46th largest staffing company in the world in terms of revenue. The company provides staffing solutions to facility management and IT services.

Will benefit from strong hiring

Antique Stock Broking said in its research report, Quess Corp is going to be a big benefit of strong hiring in different segments. The company is going to benefit from 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 increase with an annual growth rate of 12 to 14 percent in the period of financial year 2024-27.

Market cap is around Rs 10000 crore

Keeping these things in mind, the brokerage house has advised investors to buy the shares 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. Rs 10 is the face value of the share which is trading at Rs 670. Quess Corp stock has given a return of 28 percent to investors in 2024.

Disclaimer: (The information provided here is being given for information only. It is important to note here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised for anyone to invest any money here.)

read this also

Elcid Investments: The stock jumped from Rs 3.53 to Rs 3.32 lakh in a week, now the company has filed this application with RBI.