Quest Capital Markets Gains 5.69%: 2 Key Factors Driving the Rally

Feb 14 2026 05:19 PM IST
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Quest Capital Markets Ltd delivered a strong weekly performance, gaining 5.69% from Rs.260.15 to Rs.274.95 between 9 and 13 February 2026, significantly outperforming the Sensex which declined by 0.54% over the same period. The stock’s upward momentum was supported by stellar quarterly results announced midweek and an upgraded financial trend rating, which helped offset late-week profit booking amid broader market weakness.

Key Events This Week

Feb 11: Stellar Q3 FY26 results announced

Feb 12: Outstanding quarterly performance report amid market challenges

Feb 13: Stock closes lower at Rs.274.95 (-0.78%) amid Sensex decline

Week Open
Rs.260.15
Week Close
Rs.274.95
+5.69%
Week High
Rs.277.10
vs Sensex
+6.23%

9 February 2026: Modest Start Amid Broad Market Rally

Quest Capital Markets began the week with a marginal gain of 0.06%, closing at Rs.260.30, while the Sensex surged 1.04% to 37,113.23. The stock’s limited movement contrasted with the broader market optimism, reflecting cautious investor positioning ahead of the company’s quarterly results. Trading volume was moderate at 6,764 shares, indicating a steady but unspectacular start to the week.

10 February 2026: Early Signs of Strength

The stock gained 1.23% to close at Rs.263.50 on 10 February, outpacing the Sensex’s 0.25% rise. Volume declined to 2,020 shares, suggesting selective buying interest. This upward move hinted at growing anticipation for the upcoming quarterly earnings announcement, as investors positioned for potential positive surprises amid a generally stable market environment.

11 February 2026: Stellar Q3 Results Drive 1.61% Gain

On 11 February, Quest Capital Markets announced its Q3 FY26 results, which revealed a remarkable turnaround. The stock responded positively, rising 1.61% to Rs.267.75 on robust volume of 14,428 shares. The quarterly report highlighted net sales of ₹28.19 crores over six months, PBDIT of ₹26.82 crores, and a record net profit after tax of ₹20.70 crores, with earnings per share matching at ₹20.70. This strong operational performance masked deeper structural concerns but nonetheless boosted investor confidence.

12 February 2026: Outstanding Quarterly Performance Amid Market Challenges

Following the previous day’s results, the company’s financial trend rating was upgraded from flat to outstanding, reflecting a significant improvement in fundamentals. On 12 February, Quest Capital’s stock surged 3.49% to a weekly high of Rs.277.10 despite the Sensex declining 0.56%. The volume of 8,762 shares confirmed sustained buying interest. The report emphasised margin expansion, operational efficiency, and record profitability, positioning Quest Capital favourably amid sector headwinds and broader market volatility.

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13 February 2026: Profit Booking Amid Market Weakness

The week concluded with a 0.78% decline in Quest Capital’s share price to Rs.274.95, on volume of 6,686 shares. This drop occurred alongside a sharper Sensex fall of 1.40% to 36,532.48, reflecting broader market weakness. Despite the pullback, the stock closed well above its opening price for the week, maintaining a strong weekly gain of 5.69%. The late-week profit booking was a natural correction following the prior days’ sharp advances.

Date Stock Price Day Change Sensex Day Change
2026-02-09 Rs.260.30 +0.06% 37,113.23 +1.04%
2026-02-10 Rs.263.50 +1.23% 37,207.34 +0.25%
2026-02-11 Rs.267.75 +1.61% 37,256.72 +0.13%
2026-02-12 Rs.277.10 +3.49% 37,049.40 -0.56%
2026-02-13 Rs.274.95 -0.78% 36,532.48 -1.40%

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Key Takeaways

Positive Signals: Quest Capital’s 5.69% weekly gain significantly outpaced the Sensex’s 0.54% decline, driven by an outstanding quarterly performance that showcased record profitability and margin expansion. The upgrade in financial trend rating from flat to outstanding underscores improved operational execution and cost management. The stock’s ability to rally despite sector challenges highlights resilience and renewed investor confidence.

Cautionary Notes: Despite the strong quarter, the stock remains below its 52-week high of Rs.425.90, indicating room for further recovery but also reflecting past volatility. The Mojo Grade remains at Sell with a score of 43.0, suggesting that structural concerns persist. The late-week profit booking and broader market weakness on 13 February signal potential near-term volatility and the need for cautious monitoring.

Conclusion

Quest Capital Markets Ltd’s week was defined by a robust financial turnaround and strong stock performance, with a 5.69% gain that outperformed the Sensex by over 6 percentage points. The company’s stellar Q3 FY26 results and upgraded financial trend rating provided the catalyst for this rally, demonstrating operational strength amid challenging market conditions. While the stock experienced some profit booking towards week’s end, the overall momentum remains positive. Investors should consider the balance between the company’s improved fundamentals and ongoing sector headwinds when assessing its near-term outlook.

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