Quess Corp inches up after its arm raises Rs 137.5 crore

22 Dec 2021 Evaluate

Quess Corp is currently trading at Rs. 796.90, up by 0.30 points or 0.04% from its previous closing of Rs. 796.60 on the BSE.

The scrip opened at Rs. 798.00 and has touched a high and low of Rs. 823.00 and Rs. 792.85 respectively. So far 8665 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. 415.00 on 22-Dec-2020.

Last one week high and low of the scrip stood at Rs. 852.85 and Rs. 780.00 respectively. The current market cap of the company is Rs. 11765.61 crore.

The promoters holding in the company stood at 51.82%, while Institutions and Non-Institutions held 35.90% and 12.29% respectively.

Quess Corp’s subsidary -- Monster.com has raised Rs 137.5 crore in a funding round led by prominent industry leaders - Akash Bhanshali (Volrado Venture Partners) and Mohandas Pai (Meridian Investments) with participation from Quess. Post the funding round the company is valued at close to $100 million. The current close has been done at Rs 112.5 crore with an option built-in to expand the round to Rs 137.5 crore.

The funds raised will be utilized towards enhanced investments on Product Development & Marketing in India, SEA and Middle East markets. This investment will help Monster.com evolve from a Job-board into a talent platform delivering full stack experience for both candidates and companies.

In 2018, Quess Corp acquired Monster.com’s businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, UAE and Kingdom of Saudi Arabia as a strategic investment to strengthen its HR services portfolio by establishing end-to-end offerings across the Employee Lifecycle Management space. Quess’ market leading presence in turn offered Monster the opportunity to enhance its capability by building and implementing innovative technology platforms to gain edge over competition.

Quess Corp is one of India’s leading integrated business services providers focused on emerging as the preferred partner for handling end-to-end business functions of its clients.

Quess Corp Share Price

640.95 -16.50 (-2.51%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Quess Corp 640.95
eClerx Services 3317.35
Info Edge 7515.35
CMS Info Systems 483.35
Affle (India) 1549.20
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