Introduction:
Stock has secured NCLT approval for a three-way demerger, creating three listed entities. This move enhances strategic focus and efficiency, with shareholders receiving equity shares in the newly formed companies, positioning each entity for independent growth and long-term market success.
Share Price movement of Quess Corp:
On March 7, 2025, Quess Corp Ltd opened at ₹660.40, reaching a high of ₹673.80, up 1.48% from its previous close of ₹635.60, and a low of ₹643.50. The stock is currently trading at ₹645.00, with a market cap of ₹9,596.95 crore.
Quess Corp share price rise:
Quess Corp Limited has received NCLT approval for its three-way demerger, creating three publicly listed entities. Quess Corp will retain its workforce management business, while Digitide Solutions will focus on BPM, Insurtech, and HRO, and Bluspring Enterprises will manage facility, security, and telecom infrastructure services.
The demerger ensures strategic focus and operational efficiency, allowing each entity to pursue independent growth. Shareholders will receive one equity share in both Digitide Solutions and Bluspring Enterprises for every Quess Corp share held, enhancing shareholder value and creating separate leadership teams for each business.
Chairman Ajit Isaac emphasized that this restructuring will unlock growth potential and streamline operations. The next steps include determining the record date, allotting shares, and listing the new companies. This move positions each entity for sustained success in its respective sector, leveraging market opportunities effectively.
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Recent news About Quess Corp:
In the third quarter ending December 31, 2024, Quess Corp reported a 14% year-on-year revenue growth, reaching ₹5,519 crore. This increase was driven by strong hiring in sectors such as retail, telecom, and Global Capability Centers (GCCs), contributing to a significant rise in the company’s headcount.
Ace investor holding of Quess Corp:
Ashish Dhawan holds 5,861,223 shares in Quess Corp Ltd., representing a 3.94% stake. His investment in the company is valued at ₹377.9 crore. With no changes from the previous quarter, his steady holding reflects continued confidence in the company’s long-term growth prospects.
Stock performance of Quess Corp for Period of 1 week, 6 months and 1 year:
Quess Corp’s stock gained 6.42% over one week, reflecting short-term positive momentum. Over six months, it declined 20.5%, indicating volatility in market performance. However, over one year, the stock delivered a 25.8% return, showcasing strong long-term growth despite recent fluctuations.
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Shareholding pattern of Quess Corp:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 56.57 | 56.59 | 56.64 |
| FII | 15.24 | 15.81 | 15.93 |
| DII | 10.45 | 10.96 | 10.95 |
| Retail & others | 17.73 | 16.62 | 16.48 |
About Quess Corp:
Quess Corp is India’s largest business services provider, specializing in workforce management, technology solutions, and facility management. With a presence across multiple sectors, it delivers staffing, BPM, and IT solutions, catering to businesses in India and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
