India's Quess Corp plunges to record low, sees heaviest volumes in over 1-1/2 years

Thomas Cook (India)

04/07/2019 10:18

** Shares of business services provider Quess Corp Ltd
 QUEC.NS  fall as much as 19.7% to all-time low of 416.65
rupees, also their sharpest ever intraday pct drop
    ** Stock sees heaviest trading volumes since Jan 2018 by
0913 GMT; around 2.6 mln shares change hands vs 30-day avg of
143,899 shares
    ** Last week, co's deferred http://bit.ly/2KYRDoe its plan
to raise funds
    ** Stock is down 21.5% this year as of last close
    ** 9 of the 11 analysts covering the stock have a "buy" or
"strong buy" rating, 1 has "hold" while 1 rates it at "strong
sell"; median PT is 847.5 rupees - Refinitiv data
    ** Shares of Thomas Cook (India) Ltd  THOM.NS , which holds
a 48.8% stake in Quess, sink 14% to their lowest since Feb 2017;
stock sees worst intraday pct drop in nearly 4 years

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))