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IT spending crunch hits India's Quess Corp hard Spending and hiring cuts among information technology and IT enabled service companies have halved revenue from the sector for one of India's largest recruiters, Quess Corp Ltd, its chief executive, Guruprasad Srinivasan, said on Friday. Quess, which trains individuals for a wide range of jobs in the IT, hospitality and gig industries, said its IT and ITES clients were deferring bringing on new hires. Quess' IT staffing and selection business, which normally reports margins of 1...
IT spending crunch hits India's Quess Corp hard
IT spending crunch hits India's Quess Corp hard
Source: Reuters
11/11/2022 4:26:08 PM
Quess Corp trades in red on reporting marginal fall in Q2 consolidated net profit Quess Corp is currently trading at Rs. 491.60, down by 56.00 points or 10.23% from its previous closing of Rs. 547.60 on the BSE. The scrip opened at Rs. 543.00 and has touched a high and low of Rs. 543.00 and Rs. 490.30 respectively. So far 44506 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 966.00 on 17-Nov-2021 and a 52 week low of Rs. 490.30 on 10-Nov-2022. Last one week high and low of the scrip stood at...
Quess Corp trades in red on reporting marginal fall in Q2 consolidated net profit
Quess Corp trades in red on reporting marginal fall in Q2 consolidated net profit
Source: Accord Fintech
10/11/2022 3:05:07 PM
Quess Corp trades in green on getting nod to divest 53% stake in Simpliance Technologies Quess Corp is currently trading at Rs. 636.45, up by 8.35 points or 1.33% from its previous closing of Rs. 628.10 on the BSE. The scrip opened at Rs. 638.95 and has touched a high and low of Rs. 647.45 and Rs. 636.25 respectively. So far 8587 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 966.00 on 17-Nov-2021 and a 52 week low of Rs. 527.60 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs. ...
Quess Corp trades in green on getting nod to divest 53% stake in Simpliance Technologies
Quess Corp trades in green on getting nod to divest 53% stake in Simpliance Technologies
Source: Accord Fintech
7/10/2022 11:16:12 AM
Allsec Technologies zooms on getting nod to merge with Quess Corp Allsec Technologies is currently trading at Rs. 447.70, up by 16.70 points or 3.87% from its previous closing of Rs. 431.00 on the BSE. The scrip opened at Rs. 448.00 and has touched a high and low of Rs. 482.45 and Rs. 440.15 respectively. So far 7513 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 748.60 on 17-Jan-2022 and a 52 week low of Rs. 366.70 on 24-Jun-2021. Last one week high and low of the scrip sto...
Allsec Technologies zooms on getting nod to merge with Quess Corp
Allsec Technologies zooms on getting nod to merge with Quess Corp
Source: Accord Fintech
23/06/2022 2:37:47 PM
Quess Corp trades higher on signing First Addendum agreement with Stellarslog Technovation Quess Corp is currently trading at Rs. 665.20, up by 8.35 points or 1.27% from its previous closing of Rs. 656.85 on the BSE. The scrip opened at Rs. 675.00 and has touched a high and low of Rs. 689.70 and Rs. 662.60 respectively. So far 15743 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 17-Sep-2021 and a 52 week low of Rs. 527.60 on 08-Mar-2022. Last one week high and low of the scrip stood at Rs....
Quess Corp trades higher on signing First Addendum agreement with Stellarslog Technovation
Quess Corp trades higher on signing First Addendum agreement with Stellarslog Technovation
Source: Accord Fintech
31/03/2022 10:35:50 AM
Quess Corp rises on signing agreement with Heptagon Technologies Quess Corp is currently trading at Rs. 674.45, up by 13.25 points or 2.00% from its previous closing of Rs. 661.20 on the BSE. The scrip opened at Rs. 688.80 and has touched a high and low of Rs. 717.90 and Rs. 672.75 respectively. So far 25615 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 990.00 on 17-Sep-2021 and a 52 week low of Rs. 532.60 on 22-Apr-2021. Last one week high and low of the scrip stood at Rs...
Quess Corp rises on signing agreement with Heptagon Technologies
Quess Corp rises on signing agreement with Heptagon Technologies
Source: Accord Fintech
11/02/2022 11:49:22 AM
Buy Quess Corp Ltd For Target Rs.1,100 - Motilal Oswal Monster fund raise to add value but poses execution risk On 22nd Dec’21, Quess Corp. announced a fund infusion in its Monster.com subsidiary from Meridian Investments and Volrado Venture Partners at a pre-money valuation of INR6.0b, much higher than its 2018 acquisition cost of c.INR896m. The funding will be channelized to expand Monster’s presence in the job search and training market. * Fund raise is positive but poses higher risk: In 2QFY22, Monster.com contributed 1.2% o...
Buy Quess Corp Ltd For Target Rs.1,100 - Motilal Oswal
Buy Quess Corp Ltd For Target Rs.1,100 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
23/12/2021 10:32:31 AM
Buy Quess Corp Ltd For Target Rs.1,100 - Motilal Oswal Structural growth levers intact Growth outlook continues to improve across segments * Quess Corp (QUESS)’s 2QFY22 revenue growth (8% QoQ / +23% YoY) was in line with our estimates. However, the adjusted EBITDA margin at 4.8% (+40bp QoQ) was ahead of our estimates. * Adj PAT grew 81% YoY to INR766m, while reported PAT declined 17% YoY to INR412m (expectation of INR702m). RPAT was impacted by 1) ECL provisions of INR440m (government training and other government business), 2) the...
Buy Quess Corp Ltd For Target Rs.1,100 - Motilal Oswal
Buy Quess Corp Ltd For Target Rs.1,100 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
16/12/2021 10:07:58 AM
Buy Quess Corp Ltd For Target Rs.1,095 - Edelweiss Financial Services Momentum back, one-off mars earnings Quess Corp (Quess) reported operational recovery (revenue up 8% QoQ) with general staffing sales up 6% QoQ. It posted INR440mn of expected credit losses from the government training business, and management hinted that further write-offs are unlikely. Quess’s commentary on coming quarters is upbeat. The stock has re-rated significantly over the past year. While the ‘lowhanging’ valuation has disappeared, at 32x FY23E PE, its valuati...
Buy Quess Corp Ltd For Target Rs.1,095 - Edelweiss Financial Services
Buy Quess Corp Ltd For Target Rs.1,095 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
3/12/2021 11:08:54 AM
Buy Quess Corp Ltd For Target Rs.1,100 - ICICI Securities High beta play on economic recovery Multiple business segments that rely on physical presence (e.g. Excelus, Digicare) were impacted due to lockdowns. This translated into muted sequential performance on headcount, revenue and margins. Salary hikes and seasonality in some businesses were the other factors which dragged down profitability. Despite green shoots of a pick-up in hiring activity, management sounded more cautious on near-term outlook (vs Teamlease). The company also hinted at...
Buy Quess Corp Ltd For Target Rs.1,100 - ICICI Securities
Buy Quess Corp Ltd For Target Rs.1,100 - ICICI Securities
Source: ICICI Securities
28/09/2021 11:26:25 AM
Buy Quess Corp Ltd For Target Rs.1,000 - Motilal Oswal Growth outlook continues to improve across segments Margin to normalize going forward * QUESS’ revenue growth (flat QoQ/+24% YoY) in 1QFY22 was in line with our estimate. However, EBITDA margin dipped by 80bp QoQ due to a combination of one-off factors (losses in Monster.com and pass through of revenue) and seasonal impact of higher SG&A expenses on account of a wage hike. * Adjusted PAT was further impacted by higher ETR (impact of INR160m) due to dividend distribution by ...
Buy Quess Corp Ltd For Target Rs.1,000 - Motilal Oswal
Buy Quess Corp Ltd For Target Rs.1,000 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/09/2021 11:32:13 AM
Buy Quess Corp Ltd For Target Rs.820 - Motilal Oswal Expect growth recovery to continue in FY22 Provisioning impacts 4QFY21 earnings * Quess Corp (QUESS)’s 4QFY21 results were operationally in line with our expectations, as revenue recovered to 4Q FY20 levels. This was led by recovery in all segments – Workforce Management (-1% YoY), Operating Asset Management (+9% YoY), and Global Technology Solutions (+1% YoY). * Quess took one-time provisioning of INR1.2b in 4Q (830m in Trimax + 360m in skill development) on account of...
Buy Quess Corp Ltd For Target Rs.820 - Motilal Oswal
Buy Quess Corp Ltd For Target Rs.820 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
19/06/2021 11:50:40 AM
Quess acquires residual 30% stake in Conneqt from Tata Sons Quess Corp has announced the acquisition of the remaining 30 per cent stake in Conneqt Business Solutions Ltd for Rs 208 crore, pursuant to the 'put option' notice by Tata Sons Pvt Ltd. In a statement Quess said that with this transaction, Conneqt will become its wholly owned subsidiary. Quess had acquired 51 per cent of Conneqt in November 2017 and further increased its stake in Conneqt from 51 per cent to 70 per cent in May 2019 through infusion of primary capital, which was u...
Quess acquires residual 30% stake in Conneqt from Tata Sons
Quess acquires residual 30% stake in Conneqt from Tata Sons
Source: IANS
16/04/2021 2:14:05 PM
Update on stake acquisition by Quess Corp By Yash Gupta, Angel Broking Ltd    Below are Update on stake acquisition by Quess Corp By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd      Quess corp limited acquired remaining stake in Conneqt Business Solutions Limited from Tata sons. Increase in equity stake in Conneqt Business Solutions Limited from 70.00% to 100.00% by Quess Corp Limited. Conneqt is India’s leading domestic CLM and BPM player with 21+ Delivery centers in India, and 29,000+ employees ...
Update on stake acquisition by Quess Corp By Yash Gupta, Angel Broking Ltd   
Update on stake acquisition by Quess Corp By Yash Gupta, Angel Broking Ltd   
Source: Angel Broking Ltd
16/04/2021 12:56:32 PM
Quess Corp gains on acquiring residual 30% stake in Conneqt Quess Corp is currently trading at Rs. 598.35, up by 10.80 points or 1.84% from its previous closing of Rs. 587.55 on the BSE. The scrip opened at Rs. 594.00 and has touched a high and low of Rs. 612.00 and Rs. 594.00 respectively. So far 2045 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 807.00 on 25-Feb-2021 and a 52 week low of Rs. 165.40 on 19-May-2020. Last one week high and low of the scrip stood at Rs....
Quess Corp gains on acquiring residual 30% stake in Conneqt
Quess Corp gains on acquiring residual 30% stake in Conneqt
Source: Accord Fintech
16/04/2021 11:22:18 AM
Buy Quess Corp Ltd For Target Rs.637 - HDFC Securities Buy Quess Corp Ltd For Target Rs.637 - HDFC Securities Our Take: Quess Corp is the no.1 player in temporary staffing space and 4 th largest staffing company globally. It also offers facility management and industrial asset management services to diverse end users. Quess had a team of ~384,000 employees across India, North America, South America and South-East Asia across all segments and serves over 2600+ clients worldwide as on Mar-2020. As on Sep-2020, the total headcount reg...
Buy Quess Corp Ltd For Target Rs.637 - HDFC Securities
Buy Quess Corp Ltd For Target Rs.637 - HDFC Securities
Source: HDFC Securities Ltd
30/12/2020 11:13:51 AM