Technical parameters indicate the bullishness of the stock. RSI (68.22) is in bullish territory. ADX (27.90) is bullish and indicative of strong trend. OBV is rising and indicating buying interest in the stock. Overall the stock has become technically strong.
Quess Corp Limited mainly serves 4 areas.—Global Technology Solutions Group, Industrial Asset Management Group, Integrated Facilities Management and People & Services.
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Incidentally, the company’s financial results report was released last month. It was observed that Quess Corp’s consolidated net profit for the first quarter of FY23 was up 52 percent year-on-year to ₹68 crore compared to ₹45 crore in the same quarter last year. It collected revenue of ₹3,979 crore for Q1. Which is 33 percent higher than the Q1FY22 figure of ₹2,987 crore.
EBITA for the quarter rose 4 percent to ₹153 crore YoY, up from ₹147 crore in Q1FY22. Its EBITDA margin declined by 106 bps to 3.85 percent from 4.92 percent in June 2022.
Consolidated revenue grew 33 percent year-on-year, the company said. The festive season is generally regarded as the investment season in India. Due to this, necessary steps have been taken by the company. So that the company’s ROE can increase to 20 percent.
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