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QUICK HEAL TECHNOLOGIES Gains 7%; BSE IT Index Down 0.3%
Mon, 22 Jul 9:42

QUICK HEAL TECHNOLOGIES Gains 7%; BSE IT Index Down 0.3%Image source: peterschreiber.media/www.istockphoto.com

QUICK HEAL TECHNOLOGIES share price has zoomed 7% and is presently trading at Rs 646.4.

Meanwhile, the BSE IT index is at 40,493.2 (down 0.3%).

Among the top gainers in the BSE IT index today are CYIENT (up 2.8%) and L&T TECHNOLOGY SERVICES (up 1.5%).

Wipro (down 7.8%) and ROUTE MOBILE (down 3.4%) are among the top losers today.

Over the last one year, QUICK HEAL TECHNOLOGIES has moved up from Rs 167.4 to Rs 646.4, registering a gain of Rs 479.1 (up 286.3%).

On the other hand, the BSE IT index has moved up from 31,739.1 to 40,493.2, registering a gain of 27.6% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 178.7%), INFIBEAM AVENUES (up 84.7%) and PERSISTENT SYSTEMS (up 83.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,402.7 (down 0.3%).

The top losers among the BSE Sensex today are Kotak Bank (down 3.3%) and Reliance Ind. (down 2.2%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,487.8 (down 0.2%). Wipro and Kotak Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,795.1 to 80,402.7, registering a gain of 13,607.6 points (up 20.4%).

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 142.9.


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