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QUESS CORP Gains 6%; BSE IT Index Up 0.0%
Tue, 3 Sep 11:21

QUESS CORP Gains 6%; BSE IT Index Up 0.0%Image source: phive2015/www.istockphoto.com

QUESS CORP share price has zoomed 6% and is presently trading at Rs 820.3.

Meanwhile, the BSE IT index is at 43,648.1 .

Among the top gainers in the BSE IT index today are INDIAMART INTERMESH (up 2.0%) and Oracle Financial Services (up 1.5%).

Firstsource Solutions (down 0.8%) and Infosys (down 0.6%) are among the top losers today.

Over the last one year, QUESS CORP has moved up from Rs 431.4 to Rs 820.3, registering a gain of Rs 388.9 (up 90.1%).

On the other hand, the BSE IT index has moved up from 31,467.7 to 43,648.1, registering a gain of 38.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 174.9%), INFIBEAM AVENUES (up 111.5%) and PERSISTENT SYSTEMS (up 103.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 82,474.1 (down 0.1%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.9%) and Bajaj Finserv (down 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 25,256.7 (down 0.1%). Bajaj Finance and IOC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,087.3 to 82,474.1, registering a gain of 17,386.8 points (up 26.7%).

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 35.4.


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