Shares of Quess Corp surged more than 12 per cent in early trade following its March quarter results, as investors reacted to a sharp turnaround in profitability and attractive dividend announcements.

The stock was trading at ₹227.68, up 7.5 per cent as of 10.31 am, touching a high of ₹238 on the NSE compared with the previous close of ₹211.63.

Quess Corp shares

The rally was driven by the company’s return to profit in Q4FY26 after reporting a loss in the year-ago period, along with improved full-year earnings and shareholder payouts.

It reported a standalone net profit of ₹58.7 crore for the quarter ended March 2026, compared with a net loss of ₹81.26 crore in the same quarter last year, marking a strong yoy recovery.

For the full year FY26, profit after tax rose 57.4 per cent to ₹189.12 crore from ₹120.12 crore in the previous fiscal, reflecting sustained improvement in earnings performance.

The company also announced shareholder-friendly measures, declaring a special interim dividend of ₹3 per share along with a final dividend of ₹3 per share, which further supported investor sentiment around the stock.

Overall, the combination of a turnaround in quarterly profitability, solid full-year growth and higher dividend payouts has driven the sharp upmove in Quess Corp shares.

Published on May 5, 2026

Gold prices edged higher on Tuesday from a five-week low hit in the previous session, although gains were limited as elevated crude oil prices kept inflation fears alive and clouded the US interest rate outlook.

Spot gold rose 0.3 per cent to $4,533.40 per ounce by 0417 GMT, after a more than ‌2 per cent drop on Monday. US gold futures for June delivery ⁠inched 0.2 per cent higher to $4,542.50.

“Prices seem to be digesting ⁠a bit after the return of the ‘war trade’ across markets sent gold lower Monday,” said Ilya Spivak, head of global macro at Tastylive.

However, gains were capped as Treasury “yields and the dollar pushed higher as a rebound in crude oil stoked inflation fears. That weighed against non-interest-bearing and anti-fiat gold,” Spivak said.

The dollar rose and Brent crude hovered above $113 a barrel as the US and Iran continued to work towards a truce while trading blows over the Strait of Hormuz.

The US military said on ⁠Monday it destroyed six Iranian small boats and intercepted Iranian cruise missiles and drones as Tehran sought to thwart a new ‌US naval effort to open shipping through the Strait of Hormuz.

A stronger US currency makes dollar-priced metals more expensive for holders of other currencies.

Meanwhile, higher crude oil prices can stoke inflation, increasing the likelihood of higher interest rates. While gold is considered an inflation hedge, high interest rates make yield-bearing assets more attractive, weighing on its appeal.

Traders have largely priced out US interest rate cuts for this year, with markets now seeing a 37 per cent chance of a ⁠hike by March 2027, compared with 27 per cent of a reduction a ⁠week earlier.

Investors now await a slew of key US data this week, including job openings, the ADP employment report, and the April payrolls report.

Spot silver was steady at $72.73 per ounce, platinum gained 1 per cent to $1,964, and palladium was up 0.8 per cent at $1,492.27.

Published on May 5, 2026