Genpact shows relatively strong fundamentals and is coming back to attractive prices.
In the recent months, the earnings estimates for the next year are regularly revised upward by analysts. With an EPS estimated at 0.97 USD for this year and 0.96 USD for the next year, Genpact is currently paid 18.54 and 18.65 times the results. Even if the market has been disappointed by the last revenues forecasts it should not affect so much earnings and investors should come back on the share soon.
Technically, the security is in a negative configuration in the short term as the bearish trend of 20-day moving average, currently at USD 18.5, shows. Nevertheless, the stock seems in an oversold situation, near to its USD 17.8 support in daily data. This level might stop the bearish trend in the short term.
Therefore, the proximity of the USD 17.8 support is an opportunity to take a long position in Genpact. The first goal is a return in the USD 18.88 resistance area, that is a potential of 5.5%. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss order can be placed under the support currently tested.
Genpact Limited is a global professional services company. Its segments include Financial Services, Consumer and Healthcare, and High Tech and Manufacturing. The Financial Services segment covers services it provides to clients in the banking, capital markets and insurance sectors. Its core operations services for these clients include retail customer onboarding, customer service, collections, loan and payment operations, customer onboarding, and others. The Consumer and Healthcare segment covers services it provides to clients in the consumer goods, retail, life sciences and healthcare sectors. The core operations services it provides to these clients include demand generation, sensing and planning, supply chain planning and management, and others. High Tech and Manufacturing segment covers services it provides to clients in the high tech, manufacturing, and service sectors. Its core operations services for these clients include advertising sales support, data engineering, and others.
GENPACT LIMITED 
