Quess Corp rises on signing MoU with NSDC to enhance employability of Indian youth
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Quess Corp is currently trading at Rs. 500.90, up by 8.25 points or 1.67% from its previous closing of Rs. 492.65 on the BSE.
The scrip opened at Rs. 497.95 and has touched a high and low of Rs. 502.00 and Rs. 494.70 respectively. So far 8570 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 527.30 on 23-Nov-2023 and a 52 week low of Rs. 337.45 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 508.95 and Rs. 488.95 respectively. The current market cap of the company is Rs. 7311.91 crore.
The promoters holding in the company stood at 56.67%, while Institutions and Non-Institutions held 27.12% and 16.20% respectively.
Quess Corp has signed a Memorandum of Understanding (MoU) with the National Skill Development Corporation (NSDC), the apex skill development organization under the Ministry of Skill Development and Entrepreneurship (MSDE), Government of India. The MoU aims to enhance the employability of Indian youth by leveraging Quess’ and NSDC’s vast network of training providers and job seekers.
Under the MoU, Qjobs, a blue-collar platform of Billion Careers (BCPL), a wholly-owned subsidiary of Quess Corp, will partner with JobsX of NSDC. Quess will integrate its job platform, Qjobs, with NSDC’s JobX platform to facilitate the daily listing of active jobs, providing a broader range of employment opportunities for NSDC’s registered candidates. Quess will also offer employability enhancement programs, including career counseling, employability enhancement courses, and employability tests, to candidates redirected from the NSDC JobX platform. These programs will assist candidates in refining their skills and developing the competencies required to secure employment in their chosen field.
In addition to job facilitation, Quess will also closely collaborate with NSDC in conducting industry studies and surveys. These studies will help better comprehend the skill development and employment trends, thereby providing valuable insights to employers and policymakers. It will enable them to align skill development programs with the dynamic industry needs, thus ensuring a better employment rate.
Quess Corp is India’s leading business services provider and largest private-sector employer.
