Recent Price Movement and Market Context
On 12 Jan 2026, Quest Capital Markets Ltd opened the trading session with a positive gap, rising by 4.49% to an intraday high of Rs.298. However, this initial optimism was short-lived as the stock reversed sharply, hitting an intraday low of Rs.275, which also represents its new 52-week low. The stock closed the day down by 2.17%, underperforming its Capital Markets sector by 1.63%. This marks the fourth consecutive day of decline, during which the stock has lost 4.44% cumulatively.
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, signalling a persistent bearish trend. This technical positioning underscores the challenges the stock faces in regaining upward momentum in the near term.
Broader Market Environment
The broader market environment has also been subdued. The Sensex opened lower by 140.93 points and further declined by 532.12 points to close at 82,903.19, down 0.81% on the day. Despite this, the Sensex remains relatively close to its 52-week high of 86,159.02, being just 3.93% below that peak. The index is trading below its 50-day moving average, although the 50-day average remains above the 200-day average, indicating some underlying resilience in the broader market.
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Long-Term Performance and Fundamental Assessment
Quest Capital Markets Ltd’s stock has delivered a negative return of -40.65% over the past year, significantly underperforming the Sensex, which posted a positive return of 7.13% during the same period. The stock’s 52-week high was Rs.487.05, indicating a substantial decline of approximately 43.6% from that peak to the current 52-week low of Rs.275.
From a fundamental perspective, the company’s long-term financial indicators have been underwhelming. The average Return on Equity (ROE) stands at a modest 1.88%, reflecting limited profitability relative to shareholder equity. The net sales have contracted at an annual rate of -3.36%, indicating a decline in revenue generation over recent years.
Quarterly results for September 2025 were largely flat, offering little indication of an immediate turnaround. Profitability has also been pressured, with profits falling by 3.9% over the past year. These factors contribute to the stock’s current grading as a Strong Sell, a downgrade from its previous Sell rating as of 4 Aug 2025, according to MarketsMOJO’s assessment. The company’s Mojo Score currently stands at 26.0, reinforcing the cautious stance.
Valuation and Shareholding Structure
Despite the subdued financial performance, Quest Capital Markets Ltd’s valuation metrics present a contrasting picture. The stock trades at a very attractive Price to Book (P/B) ratio of 0.2, suggesting that the market price is significantly below the book value of the company’s assets. This valuation is considered fair when compared to the historical averages of its peers within the Capital Markets sector.
The majority shareholding remains with the promoters, indicating a stable ownership structure. However, the stock’s market capitalisation grade is relatively low at 4, reflecting its smaller size and liquidity considerations within the broader market.
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Summary of Key Metrics
To summarise, Quest Capital Markets Ltd’s stock has experienced a notable decline to Rs.275, its lowest level in 52 weeks. The stock’s underperformance relative to the Sensex and its sector, combined with weak long-term growth and profitability metrics, have contributed to its current market position. While the valuation appears attractive on a Price to Book basis, the company’s financial results and returns have remained subdued.
The stock’s technical indicators, including its position below all major moving averages, further highlight the challenges it faces in reversing the current downtrend. The broader market environment, while showing some resilience, has not provided sufficient support to the stock’s price action.
Investors analysing Quest Capital Markets Ltd should consider these factors in the context of the company’s overall financial health and market conditions.
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