Quess Corp signs MoU with Department of GTU; shares up 2%

The share touched a 52-week high of Rs 539.00 and a 52-week low of Rs 337.45 on January 11, 2024 and March 28, 2023, respectively.

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Quess Corp share price gained 2 percent in opening trade on January 12 after the company signed a Memorandum of Understanding (MoU) with the Department of Gujarat Technical University (GTU).

At 09:28 hrs Quess Corp was quoting at Rs 524.00, up Rs 8.70, or 1.69 percent, on the BSE.

“…. has signed a Memorandum of Understanding (MoU) with the Department of Gujarat Technical University, the state’s largest public technical university, Govt. of Gujarat,” the company said in its release.

The collaboration aims to contribute to the forecast, development, and identification of programmes to meet the skill requirement of the state, positively contributing to the increased investments and Gujarat’s Sustainable Vision for 2030.

Under the MoU, Quess Corp will operate a Center of Excellence (COE) at multiple locations and establish a framework to forecast the demands in technology and industry areas, based on supply from formal education and similar ecosystems.

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“This collaboration is not just about the present, it is about building a strong foundation for the future. This is also how our government, industry, and academia can come together to bridge the skill gap and create a talent pool that is ready to meet the growing demands. Through the Center of Excellence, skill assessment, and employment enablement programs, we aim to empower students with marketable skills and connect them with the right job opportunities within Gujarat’s thriving industrial ecosystem,” said Guruprasad Srinivasan, ED & CEO, Quess Corp.

Earlier in December, the company signed a deal with the National Skill Development Corporation (NSDC) to enhance the employability of Indian youth by leveraging the vast network of the two parties of training providers and job seekers.

Under the agreement, Qjobs, a blue-collar platform of Billion Careers Private Limited (BCPL), a wholly owned subsidiary of Quess Corp Limited, will partner with JobsX of NSDC.

The share touched a 52-week high of Rs 539.00 and a 52-week low of Rs 337.45 on January 11, 2024 and March 28, 2023, respectively.

Currently, the stock is trading 2.78 percent below its 52-week high and 55.28 percent above its 52-week low.