Quess Corp nears record low; stock tanks 11% on heavy volumes

Last week at its board meeting, the company deferred the decision on raising funds

Shares of Quess Corp were under pressure for the fourth straight trading day and tanked 11 per cent to Rs 462, also its 52-week low on the BSE on Thursday, on the back of heavy volumes.

The stock was trading close to its all-time low price of Rs 452 touched on July 14, 2016. In the first four trading days of July, Quess Corp's market price has plunged 20 per cent, against 1.2 per cent rise in the benchmark S&P BSE Sensex.

Quess Corp is engaged in the business of providing services in global technology solutions people and