Quess Corp gains on getting nod to invest in Taskmo

Quess Corp Ltd. | Professional Services | Miscellaneous | BSE: 539978 | NSE: QUESS

28 Jan 2021 Evaluate

Quess Corp is currently trading at Rs. 553.55, up by 5.40 points or 0.99% from its previous closing of Rs. 548.15 on the BSE.

The scrip opened at Rs. 527.00 and has touched a high and low of Rs. 566.00 and Rs. 527.00 respectively. So far 13974 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 664.05 on 14-Jan-2021 and a 52 week low of Rs. 165.40 on 19-May-2020.

Last one week high and low of the scrip stood at Rs. 582.75 and Rs. 522.55 respectively. The current market cap of the company is Rs. 8159.95 crore.

The promoters holding in the company stood at 55.25%, while Institutions and Non-Institutions held 31.59% and 13.16% respectively.

Quess Corp’s board has approved the subscription of 49% equity shares in Taskmo, legal entity name - Stellarslog Technovation, a gig economy start-up for Rs 10 crore, to be invested in multiple tranches. This investment will mark Quess' entry into the digital gig economy and enable it to serve the demand for flexible gig workers from existing and new clients.

Taskmo is a B2B managed marketplace that serves as an on-demand task fulfilment platform for enterprises seeking to outsource task based operations to a distributed network of gig workers. It uses an app and web based proprietary algorithm to train, match and deploy gig workers. The Board of Directors at their meeting held on January 27, 2021 inter-alia, considered and approved the same.

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

223.25 -3.55 (-1.57%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Quess Corp	223.25
SIS	391.00
TeamLease Services	1350.70
Bluspring Enterprise	68.93
Updater Services	176.65
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