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Quess Corp shares decline for the third straight day to end at a 52-week low

Quess Corp shares decline for the third straight day to end at a 52-week low

Quess Corp shares decline for the third straight day to end at a 52-week low
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By CNBCTV18.COMNov 18, 2022 7:39:16 AM IST (Published)

Quess Corp Ltd shares had hit 52-week low earlier on November 10 a day after the company declared an interim dividend of Rs 8 per share on a face value of Rs 10.

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Shares of business services provider Quess Corporation ended at a 52-week low on Thursday.


The stock made a low of Rs 460.1 before a slight recovery.

Shares of Quess Corp have fallen nearly 20 percent over a one-month period and year-to-date the stock has declined by more than 50 percent.

Quess Corp Ltd shares had hit a 52-week low earlier on November 10 a day after the company declared an interim dividend of Rs 8 per share.

The shares also went ex-dividend on Thursday.

The company registered a 32 percent growth in revenue from operations to Rs 4,273 crore in the September quarter compared to Rs 3,228 crore in the year-ago period. Net profit remained flat year-on0year

Recently, the company, which offers services like sales and marketing, customer service, after-sales support, back office operations, and manufacturing operations among others in India, crossed the 5 lakh headcount milestone driven by the highest ever headcount addition of 33.7k in the second quarter.

Shares of Quess Corp ended 3.55 percent lower at Rs 462.70.
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