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Quess Corp Shares Gain 2% on Signing Deal with NSDC

The demerger process is slated to be completed between 12 and 15 months.

Shares of Quess Corp were trading in the green and 1.9% higher on 5 December after the company announced signing a deal with the National Skill Development Corporation (NSDC).

The contract signed will help India enhance the employability of its youth by leveraging the vast network of the two parties of training providers and job seekers.

Within the agreement, Qjobs, a blue-collar platform of Billion Careers Private Limited, which is a wholly owned subsidiary of Quess Corp Limited, will enter into a partnership with JobX of NSDC.

Quess will integrate its job platform with NSDC’s JobX to facilitate the daily listing of active jobs and provide a broader range of employment opportunities for NSDC’s registered candidates.

The company will also offer programs that will enhance employability, including employability tests, career counselling, and employability enhancement courses to its candidates redirected from the NSDC JobX platform.

The programs will help the candidates refine their skills and develop the competencies that are crucial for securing employment in their chosen field.

Quess will also closely collaborate with NSDC in conducting industry studies and surveys, which will help better understand skill development and employment trends. These studies will provide valuable insights to employers and policymakers.

These studies will further help them in aligning their skill development programs with the dynamic industry needs and ensure a better employment rate.

At 12:34 pm, the shares of Quess Corp were trading 0.010% higher at Rs 492.50 on NSE.

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