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.
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