This IT stock which deals in the business of services provider by leveraging its domain knowledge and dealing in future-ready digital platforms soared 8 percent after the promoters increased their stake by 0.50 percent.
Price Action
With a market capitalization of Rs. 9,495.92 Crores, the shares of Quess Corp Limited were up by 8.05 percent in the day’s trade touching a day’s high of Rs. 643.80 per share. The stock reiterated from the day’s high and was trading at Rs. 638.65 per share which is up 7.19 percent higher from the previous closing price of Rs. 595.80 apiece.
What Happened
The company’s stock surged after they released filings of promoters increasing their stake in the company by 0.5 percent. Mr. Ajit Isaac, the Chairman, and Promoter of the company purchased 3,77,219 equity shares of the company which constitutes 0.25 percent of the paid-up capital on February 1, 2025, through the open market. In the other filing, Fairbridge Capital (Mauritius) Limited under Promoter Group (Subsidiary of Fairfax Financial Holdings) purchased 3,77,218 equity shares of the company which constitutes 0.25 percent of the paid-up capital on February 1, 2025, through the open market.
About the Company
Quess Corp Limited was founded in 2007. They are a leading integrated business services provider in India that specializes in IT staffing, facility management, and skill development across various sectors globally.
Shareholding Pattern
As of December 2024, the shareholding pattern with the promoter’s stake holding a share of 56.56 percent in Quess Corp, Foreign Institutional Investors (FII) holding around 15.24 percent, Domestic Individual Investors (DII) holding around 10.45 percent, and the public holding around 17.73 percent. Promoter Ajit Isaac owns around 11.78 percent and Fairbridge Capital owns 33.95 percent.
Financials
Its Revenue from operations grew by 13.98 percent year on year from Rs. 4,842 Crores in Q3FY24 to Rs. 5,519 Crores in Q3FY25, accompanied by profits of Rs. 64 Crores to Rs. 85 Crores. The company earns around 59 percent from the Integrated Facility
Management Services (IFCM) followed by 18 percent from Security Services and 11 percent from Telecom Network Services.
Written by Santhosh S
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