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QUICK HEAL TECHNOLOGIES Plunges 9%; BSE IT Index Down 2.0%
Fri, 18 Oct 10:34

QUICK HEAL TECHNOLOGIES Plunges 9%; BSE IT Index Down 2.0%Image source: CreativaImages/www.istockphoto.com

QUICK HEAL TECHNOLOGIES share price has plunged 9% and is presently trading at Rs 687.0.

Meanwhile, the BSE IT index is at 42,256.6 (down 2.0%).

Among the top losers in the BSE IT index today are LTIMINDTREE (down 5.5%) and Infosys (down 4.3%).

Wipro (up 3.4%) and Mastek (up 1.0%) are among the top gainers today.

Over the last one year, QUICK HEAL TECHNOLOGIES has moved up from Rs 308.6 to Rs 687.0, registering a gain of Rs 378.4 (up 122.6%).

On the other hand, the BSE IT index has moved up from 32,175.6 to 42,256.6, registering a gain of 31.3% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 177.8%), Firstsource Solutions (up 101.7%) and PERSISTENT SYSTEMS (up 88.2%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,735.3 (down 0.3%).

The top losers among the BSE Sensex today are Infosys (down 4.3%) and Tech Mahindra (down 2.9%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,694.4 (down 0.2%). Infosys and Tech Mahindra are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,166.9 to 80,735.3, registering a gain of 14,568.4 points (up 22.0%).

QUICK HEAL TECHNOLOGIES Financial Update...

QUICK HEAL TECHNOLOGIES net profit fell 67.8% YoY to Rs 42 million for the quarter ended September 2024, compared to a profit of Rs 129 million a year ago. Net sales declined 6.2% to Rs 735 million during the period as against Rs 784 million in July-September 2023.

For the year ended March 2024, QUICK HEAL TECHNOLOGIES reported 278.8% increase in net profit to Rs 242 million compared to net profit of Rs 64 million during FY23. Revenue of the company grew 4.9% to Rs 2,918 million during FY24.

The current Price to earnings ratio of QUICK HEAL TECHNOLOGIES, based on rolling 12 month earnings, stands at 114.6.


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