The stake acquisition by the promoter helped shares of Quess Corp snap their 3-day losing streak and test a 1-month high of Rs 385. The stock ended 4% higher at Rs 357.50 on the NSE.Through separate deals, a mutual fund house, foreign portfolio investor, and life insurance company sold stake in Ques…

Promoter Fairbridge Capital buys 4.4% stake in Quess Corp; MF, FPI sell stake

BSE Sensex added 110.6 points, or 0.19 per cent, to trade at 57,724.32, while NSE’s Nifty50 gained 37.45 points, or 0.22 per cent, to 16,989.15 at 9.20 am.

Sensex rises 110 pts, Nifty nears 17k; Quess Corp rises 11%; South Indian Bank tanks 13%

After the recent acquisition, Fairfax has taken its overall holding in the company to 34.6 per cent. With this deal, the overall promoter stake in Quess Corp has increased to 56.4 per cent.

Quess Corp shares surge 11% as promoter picks up 4.45% stake

Fairbridge Capital (Mauritius) Ltd. bought 4.45% stake at a 12.1–16.5% premium to the closing price.

Quess Corp Shares Gain The Most In Six Months After Large Trade

The deal was carried out at 10 percent premium to previous closing price of Rs 343.35

Quess Corp snaps 3-day losing streak after big block deal, promoters likely increase stake

Around 20% of the lateral movement from IT firms have been absorbed into captives and non-tech firms that are going digital. This is largely because of a lateral hiring squeeze at IT services firms, said Guruprasad Srinivasan, chief executive at Indias largest staffing firm Quess Corp.

Global captives and non-techs on a tech talent hiring spree

Quess Corp Standalone December 2022 Net Sales at Rs 3,168.53 crore, up 20.15% Y-o-Y

Quess Corp Q3 Consolidated PAT Falls 3.25% at Rs 85.63 Crore

The company’s PAT stood at Rs 88.51 crore during the corresponding period of 2021-22, Quess Corp said in a regulatory filing. Revenue from operations of the company grew by 21.18 per cent during the quarter under review to Rs 4,465.55 crore compared to Rs 3,684.98 crore in the same period of the las…

Quess Corp Q3 consolidated PAT down 3.25% at Rs 85.63 crore

Quess Corp Consolidated December 2022 Net Sales at Rs 4,465.56 crore, up 21.18% Y-o-Y

Quess Corp consolidated net profit rises 5.01% in the December 2022 quarter

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Quess Corp Limited provides business services across four segments - Global Technology Solutions Group, Industrial Asset Management Group, Integrated Facilities Management, and People & Services.

Quess Corp Ltd