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QUESS CORP Gains 5%; BSE IT Index Up 1.5%
Fri, 9 Aug 13:30

QUESS CORP Gains 5%; BSE IT Index Up 1.5%Image source: Ivcandy/www.istockphoto.com

QUESS CORP share price has zoomed 5% and is presently trading at Rs 704.6.

Meanwhile, the BSE IT index is at 39,804.0 (up 1.5%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 4.3%) and Mphasis (up 2.8%).

TANLA SOLUTIONS (down 2.1%) and ROUTE MOBILE (down 2.0%) are among the top losers today.

Over the last one year, QUESS CORP has moved up from Rs 423.7 to Rs 704.6, registering a gain of Rs 281.0 (up 66.3%).

On the other hand, the BSE IT index has moved up from 31,109.7 to 39,804.0, registering a gain of 27.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 164.7%), INFIBEAM AVENUES (up 129.8%) and Firstsource Solutions (up 93.7%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,703.1 (up 1.0%).

The top gainers among the BSE Sensex today are Tata Motors (up 2.9%) and JSW Steel (up 2.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,371.1 (up 1.1%). Eicher Motor and Grasim Industries are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,703.1, registering a gain of 13,749.6 points (up 20.8%).

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 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 30.4.


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