Quess Corp- Insiders increasing Stake

Quess Corp- Insiders increasing Stake

The company is India’s leading business services provider and largest private-sector employer. It offers a host of services to help organizations manage their non-core activities in the areas of Workforce Management, Operating Asset Management, and Global Technology Solutions across industries and geographies.

The company is India’s leading business services provider and largest private-sector employer. It offers a host of services to help organizations manage their non-core activities in the areas of Workforce Management, Operating Asset Management, and Global Technology Solutions across industries and geographies.

The promoters of the company have increased their stake in the company significantly by buying shares form open market. As on June 22 promoters holding was close to 52% which stands at close to 57% as on March 23 Qtr.
Insititutional Holding has been reducing significantly in the company - Insurance companies, mutual funds, FIIs during the same period.
The only exception being Tata Small Cap fund which has been increasng its stake in the company and currenlty hold close to 2.25%.

At the time of writing this blog the share price was hovering around 410. The current market Cap to sales of the company is 0.4 which has had long term median average of 1. The current pE is 33 with its long term median PE of 42.5 

https://economictimes.indiatimes.com/markets/stocks/news/promoter-fairbridge-capital-buys-4-4-stake-in-quess-corp-mf-fpi-sell-stake/articleshow/99097382.cms
 

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