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QUESS CORP Gains 8%; BSE IT Index Up 0.1%
Wed, 24 Jul 9:49

QUESS CORP Gains 8%; BSE IT Index Up 0.1%Image source: DNY59/www.istockphoto.com

QUESS CORP share price has zoomed 8% and is presently trading at Rs 694.3.

Meanwhile, the BSE IT index is at 40,958.1 (up 0.1%).

Among the top gainers in the BSE IT index today are Sonata Software (up 3.6%) and ZENSAR TECHNOLOGIES (up 2.7%).

Mphasis (down 1.5%) and HCl Tech. (down 1.0%) are among the top losers today.

Over the last one year, QUESS CORP has moved up from Rs 429.0 to Rs 694.3, registering a gain of Rs 265.4 (up 61.9%).

On the other hand, the BSE IT index has moved up from 30,124.1 to 40,958.1, registering a gain of 36.0% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 190.5%), PERSISTENT SYSTEMS (up 101.3%) and INFIBEAM AVENUES (up 93.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,197.5 (down 0.3%).

The top losers among the BSE Sensex today are Hindustan Unilever (down 3.0%) and Bajaj Finance (down 2.3%). The most traded stocks in the BSE Sensex are ITC and Tata Steel.

In the meantime, NSE Nifty is at 24,409.1 (down 0.3%). Hindustan Unilever and Tata Consumer Products are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,384.8 to 80,197.5, registering a gain of 13,812.7 points (up 20.8%).

QUESS CORP Financial Update...

QUESS CORP net profit grew 227.0% YoY to Rs 978 million for the quarter ended March 2024, compared to a profit of Rs 299 million a year ago. Net sales rose 10.6% to Rs 49,098 million during the period as against Rs 44,402 million in January-March 2023.

For the year ended March 2023, QUESS CORP reported 11.2% decrease in net profit to Rs 2,229 million compared to net profit of Rs 2,510 million during FY22. Revenue of the company grew 25.3% to Rs 171,584 million during FY23.

The current Price to earnings ratio of QUESS CORP, based on rolling 12 month earnings, stands at 36.7.

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