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Why QUICK HEAL TECHNOLOGIES Share Price is Falling
Wed, 19 Jun 13:56

QUICK HEAL TECHNOLOGIES share price has plunged 4% and is presently trading at Rs 503.3.

Meanwhile, the BSE IT index is at 35,842.7 (up 0.4%).

Among the top losers in the BSE IT index today are INFIBEAM AVENUES (down 1.4%) and LTIMINDTREE (down 1.1%).

Mastek (up 3.0%) and INDIAMART INTERMESH (up 2.9%) are among the top gainers today.

Over the last one year, QUICK HEAL TECHNOLOGIES has moved up from Rs 166.2 to Rs 503.3, registering a gain of Rs 337.1 (up 202.8%).

On the other hand, the BSE IT index has moved up from 29,174.5 to 35,842.7, registering a gain of 22.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 154.7%), INFIBEAM AVENUES (up 110.2%) and Birlasoft (up 104.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,356.6 (up 0.1%).

The top gainers among the BSE Sensex today are HDFC Bank (up 2.4%) and Axis Bank (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 23,531.1 (down 0.1%). Titan and L&T are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,228.5 to 77,356.6, registering a gain of 14,128.1 points (up 22.3%).

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 111.2.

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