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QUESS CORP Gains 6%; BSE IT Index Down 1.7%
Wed, 18 Sep 9:34

QUESS CORP Gains 6%; BSE IT Index Down 1.7%Image source: alexsl/www.istockphoto.com

QUESS CORP share price has zoomed 6% and is presently trading at Rs 863.3.

Meanwhile, the BSE IT index is at 43,209.5 (down 1.7%).

Among the top gainers in the BSE IT index today are INTELLECT DESIGN (up 0.6%) and Sonata Software (up 0.3%).

Mphasis (down 3.8%) and Oracle Financial Services (down 2.2%) are among the top losers today.

Over the last one year, QUESS CORP has moved up from Rs 441.8 to Rs 863.3, registering a gain of Rs 421.5 (up 95.4%).

On the other hand, the BSE IT index has moved up from 33,207.2 to 43,209.5, registering a gain of 30.1% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 182.0%), Firstsource Solutions (up 84.3%) and PERSISTENT SYSTEMS (up 79.6%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 83,023.0 (down 0.1%).

The top losers among the BSE Sensex today are Tech Mahindra (down 2.2%) and Infosys (down 2.0%). The most traded stocks in the BSE Sensex are Tata Motors and NTPC.

In the meantime, NSE Nifty is at 25,404.0 (down 0.1%). Tech Mahindra and LTIMINDTREE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,023.0, registering a gain of 15,426.2 points (up 22.8%).

QUESS CORP Financial Update...

QUESS CORP net profit grew 132.1% YoY to Rs 1,117 million for the quarter ended June 2024, compared to a profit of Rs 481 million a year ago. Net sales rose 8.8% to Rs 50,031 million during the period as against Rs 46,002 million in April-June 2023.

For the year ended March 2024, QUESS CORP reported 25.8% increase in net profit to Rs 2,804 million compared to net profit of Rs 2,229 million during FY23. Revenue of the company grew 11.3% to Rs 191,001 million during FY24.

The current Price to earnings ratio of QUESS CORP, based on rolling 12 month earnings, stands at 37.3.

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