Quess Corp advanced 2.81% to Rs 468.75 after the company allotted preferential equity shares to Amazon.
Meanwhile, the S&P BSE Sensex was down 106.04 points or 0.27% to 38,883.70.
On the BSE, 1822 shares were traded in the counter so far compared with average daily volumes of 7341 shares in the past two weeks. The stock hit a high of Rs 470.50 and a low of Rs 431 so far during the day.
The stock hit a 52-week high of Rs 913 on 27 September 2018. The stock hit a 52-week low of Rs 386.85 on 30 July 2019.
Quess Corp informed that the Preferential Issue Committee of the board of directors of the company has allotted 7.54 lakh equity shares at Rs 676 per share by way of private placement on a preferential issue basis to Amazon.com NV Investment Holdings LLC.
On 12 July 2019, Quess Corp had announced about the preferential issue of shares to Amazon.com NV Investment Holdings LLC, a category III foreign portfolio investor.
Quess Corp is a business services provider. The company helps large and emerging companies manage their non-core activities by leveraging its integrated service offerings across industries and geographies.
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