Quest Capital Markets Ltd Falls to 52-Week Low of Rs.271.25

Stock Price Movement and Market Context

On 20 Jan 2026, Quest Capital Markets Ltd’s share price touched an intraday low of Rs.271.25, representing a 3.81% decline on the day and a 2.13% drop compared to the previous close. This new low is notably below the stock’s 52-week high of Rs.469.35, underscoring a substantial depreciation of 42.2% from its peak within the last year.

The stock underperformed its Capital Markets sector by 0.46% on the same day, while broader market sentiment was also subdued. The Sensex opened flat but eventually declined by 316.29 points, or 0.43%, closing at 82,891.09. Despite the Sensex being only 3.94% below its 52-week high of 86,159.02, it has experienced a three-week consecutive fall, losing 3.35% over this period. Quest Capital’s share price movement contrasts sharply with the Sensex’s relative resilience.

Technical indicators reveal that Quest Capital is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This persistent weakness across short- and long-term technical levels signals a lack of upward momentum and continued selling pressure.

Financial Performance and Fundamental Assessment

Quest Capital Markets Ltd’s financial performance over the past year has been subdued. The stock has delivered a negative return of 37.27%, significantly underperforming the Sensex’s positive 7.58% return over the same period. This underperformance extends beyond the last year, with the stock also lagging the BSE500 index over the last three years, one year, and three months.

The company’s long-term growth metrics have been disappointing, with net sales declining at an annual rate of 3.36%. Profitability has also contracted, with profits falling by 3.9% over the past year. The average Return on Equity (ROE) stands at a modest 1.88%, indicating limited efficiency in generating shareholder returns. The most recent ROE figure is 1.5%, which, while low, contributes to a valuation that some may consider attractive.

Valuation metrics show that Quest Capital is trading at a Price to Book Value ratio of 0.2, suggesting the stock is priced below its book value. This valuation is considered fair relative to its peers’ historical averages, reflecting a market perception of the company’s subdued growth prospects and financial health.

The company’s majority shareholding remains with promoters, maintaining a stable ownership structure.

Sector and Market Comparison

Within the Capital Markets sector, Quest Capital’s performance has been notably weaker than many of its peers. The sector itself has experienced mixed results, with some stocks maintaining steadier valuations despite the recent market volatility. The Sensex’s current position below its 50-day moving average, though still above its 200-day moving average, indicates a cautious market environment that has not favoured stocks with weaker fundamentals.

Quest Capital’s Mojo Score of 26.0 and a Mojo Grade of Strong Sell, upgraded from Sell on 4 Aug 2025, reflect the market’s assessment of the company’s financial and operational standing. The Market Cap Grade of 4 further highlights the company’s relatively modest market capitalisation within its sector.

Recent Quarterly Results and Trends

The company reported flat results in the quarter ending September 2025, which did little to alter the prevailing market sentiment. The lack of significant improvement in revenue or profitability metrics has contributed to the continued downward pressure on the stock price.

Quest Capital’s consistent underperformance relative to both sector and broader market indices over multiple time frames highlights the challenges it faces in regaining investor confidence and market momentum.

Summary of Key Metrics

To summarise, Quest Capital Markets Ltd’s key financial and market indicators as of 20 Jan 2026 are:

• New 52-week low price: Rs.271.25


• 52-week high price: Rs.469.35


• One-year stock return: -37.27%


• Sensex one-year return: +7.58%


• Average ROE: 1.88%


• Price to Book Value: 0.2


• Mojo Score: 26.0 (Strong Sell)


• Market Cap Grade: 4


• Day’s intraday low decline: -3.81%


• Day’s overall change: -2.13%

These figures collectively illustrate the stock’s current valuation and performance challenges within a competitive and fluctuating market environment.

Technical and Valuation Considerations

The stock’s position below all major moving averages indicates a sustained bearish trend, with no immediate technical support levels being tested. While the low Price to Book Value ratio may suggest undervaluation, it also reflects the market’s cautious stance given the company’s subdued growth and profitability metrics.

Investors and analysts monitoring Quest Capital will note the divergence between valuation attractiveness and fundamental performance, which has contributed to the stock’s recent decline to its 52-week low.

Market Sentiment and Broader Implications

Quest Capital’s share price movement occurs against a backdrop of a Sensex that has been declining for three consecutive weeks, signalling broader market caution. The company’s underperformance relative to the Sensex and its sector peers further emphasises the challenges it faces in reversing its downward trajectory.

While the stock’s valuation metrics may appeal to value-oriented investors, the prevailing financial indicators and recent results suggest a cautious approach to the company’s near-term prospects.

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