Quest Flow Controls Share Price Jumps Over 9% on ₹23 Crore Order from Garden Reach Shipbuilders

Market Performance

The stock market today saw sharp action in BSE-listed SME stock Quest Flow Controls. The counter surged more than 9% in intraday trade on Monday, August 25, after the company announced a significant order win from Garden Reach Shipbuilders & Engineers (GRSE), a defence public sector undertaking.

The rally stood out against a backdrop of otherwise muted broader indices, making Quest Flow Controls one of the most active SME stocks of the day.

Main News: Big Order from Garden Reach Shipbuilders

Quest Flow Controls disclosed to the BSE that it has bagged a purchase order worth ₹23.55 crore (₹23,55,90,931.85 including GST) from Garden Reach Shipbuilders & Engineers.

• The order involves the supply of valves and spares to the defence PSU.
• The project is scheduled to be executed within three months.
• GRSE, a Government of India undertaking, is among the leading shipbuilders catering to the Indian Navy and Coast Guard.

The announcement underlined the growing business traction for Quest Flow Controls in defence-linked contracts.

Company Details and Stock Movement

The positive update immediately reflected in Quest Flow Controls share price on the BSE.

• The stock opened at ₹288, slightly below Friday’s closing price of ₹294.30.
• After the announcement, buying interest picked up and the counter touched an intraday high of ₹321.80.
• This marked a sharp 9%+ jump during Monday’s trading session.

However, despite the intraday rally, the stock’s longer-term performance tells a different story:

• Down 68% in the last one year
• Down 43% year-to-date (YTD)
• Down 20% over the past month
• A small recovery of 6% this week

The sharp rally today provided some relief for investors after a challenging year for the counter.

Summary

In short, the stock market today saw Quest Flow Controls climb over 9% intraday after securing a ₹23.55 crore order from Garden Reach Shipbuilders & Engineers. The order will be fulfilled in three months, giving the SME company fresh business visibility.

While the stock has struggled over the last year, the latest contract has sparked investor enthusiasm, with Quest Flow Controls’ share price regaining momentum on the BSE.