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QUICK HEAL TECHNOLOGIES Gains 12%; BSE IT Index Up 0.7%
Thu, 18 Jul 11:59

QUICK HEAL TECHNOLOGIES Gains 12%; BSE IT Index Up 0.7%Image source: Nikada/www.istockphoto.com

QUICK HEAL TECHNOLOGIES share price has zoomed 12% and is presently trading at Rs 610.6.

Meanwhile, the BSE IT index is at 40,232.4 (up 0.7%).

Among the top gainers in the BSE IT index today are TCS (up 2.3%) and LTIMINDTREE (up 2.2%).

L&T TECHNOLOGY SERVICES (down 2.3%) and Firstsource Solutions (down 1.9%) are among the top losers today.

Over the last one year, QUICK HEAL TECHNOLOGIES has moved up from Rs 167.5 to Rs 610.6, registering a gain of Rs 443.1 (up 264.5%).

On the other hand, the BSE IT index has moved up from 31,378.2 to 40,232.4, registering a gain of 28.2% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 175.4%), PERSISTENT SYSTEMS (up 95.4%) and Birlasoft (up 91.2%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,538.4 (down 0.2%).

The top losers among the BSE Sensex today are Asian Paints (down 1.8%) and NTPC (down 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,545.1 (down 0.3%). Bajaj Auto and Hero Motocorp are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,538.4, registering a gain of 13,948.5 points (up 20.9%).

QUICK HEAL TECHNOLOGIES Financial Update...

QUICK HEAL TECHNOLOGIES net profit grew 311.4% YoY to Rs 140 million for the quarter ended March 2024, compared to a loss of Rs 66 million a year ago. Net sales rose 62.4% to Rs 800 million during the period as against Rs 493 million in January-March 2023.

For the year ended March 2023, QUICK HEAL TECHNOLOGIES reported 92.3% decrease in net profit to Rs 64 million compared to net profit of Rs 832 million during FY22. Revenue of the company fell 18.7% to Rs 2,781 million during FY23.

The current Price to earnings ratio of QUICK HEAL TECHNOLOGIES, based on rolling 12 month earnings, stands at 135.0.


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