Quess Corp is the top loser on the BSE since the opening bell; it went on to hit the 20% LC at Rs.305.15, a new 52-week low.
The company is especially vulnerable in this Covid-19 pandemic. It has quite a substantial exposure to geographies in SE Asia, especially Singapore.
And with the virus now spreading in India too, the company is bound to be impacted severely.
In 2016, the company acquired Comtel, one of Singapore’s largest independent staffing companies with services offered across staffing solutions, managed services solutions, and recruitment and search services with operations across Malaysia and Indonesia.
The company is into providing staffing needs, helping clients with their operating asset management and provides technological services like BPO, CLM, cloud implementation, aftersales services, AMC, etc.