Quess Corp Shares Gain The Most In Six Months After Large Trade

Shares of Quess Corp Ltd. advanced the most in over six months after large trades.

Fairbridge Capital (Mauritius) Ltd. purchased 66 lakh equity shares, or a 4.45% stake, in the company in a large trade through reverse book building process on NSE portal, according to Quess Corp's exchange filing.

As of 2:48 p.m., shares of the company rose 3.30% to Rs 215.7 apiece as of 2:49 p.m., compared with a 0.34% rise in the benchmark Nifty 50. The stock had surged 12.13% intraday, the most in over six months since Sept. 20, 2022.

The total traded volume stood at 44.4 times its 30-day average. The relative strength index was at 42.5.

Out of the eight analysts tracking the company, six maintain a 'buy' rating, one recommends a 'hold', and one suggests 'sell' on the stock, according to Bloomberg. The return potential, as calculated by the consensus of analyst estimates, stands at an upside of 44.3% over the next 12 months.