Quess Corp Ltd.
Quess Corp Ltd.'s stock is currently trading at the same level it was in December
2016, around ₹700. Despite this, the company's net profit has grown
significantly, from ₹81 crore in March 2016 to ₹344 crore on a trailing twelve
months (TTM) basis—more than a fourfold increase over eight years.
Interestingly, the stock is still at the same level as it was in December 2016.
The stock fits within the "cup with handle" pattern, and it recently broke out,
dipped slightly to retest the breakout level, and has since bounced back,
showing upward momentum. Based on this strategy, there's a potential gain of
39.40% from the current price of ₹706, setting a target price of ₹986.
Although this target is below the stock's lifetime high of ₹1,302.75 reached in
June 2018, it still represents a strong opportunity to buy the stock at its current
level.
2016, around ₹700. Despite this, the company's net profit has grown
significantly, from ₹81 crore in March 2016 to ₹344 crore on a trailing twelve
months (TTM) basis—more than a fourfold increase over eight years.
Interestingly, the stock is still at the same level as it was in December 2016.
The stock fits within the "cup with handle" pattern, and it recently broke out,
dipped slightly to retest the breakout level, and has since bounced back,
showing upward momentum. Based on this strategy, there's a potential gain of
39.40% from the current price of ₹706, setting a target price of ₹986.
Although this target is below the stock's lifetime high of ₹1,302.75 reached in
June 2018, it still represents a strong opportunity to buy the stock at its current
level.
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