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QUICK HEAL TECHNOLOGIES Plunges 5%; BSE IT Index Up 0.4%
Mon, 7 Oct 10:22

QUICK HEAL TECHNOLOGIES Plunges 5%; BSE IT Index Up 0.4%Image source: StarLineArts/www.istockphoto.com

QUICK HEAL TECHNOLOGIES share price has plunged 5% and is presently trading at Rs 660.4.

Meanwhile, the BSE IT index is at 42,534.2 (up 0.4%).

Among the top losers in the BSE IT index today are INFIBEAM AVENUES (down 4.2%) and Mastek (down 2.4%).

LTIMINDTREE (up 2.4%) and Mphasis (up 2.2%) are among the top gainers today.

Over the last one year, QUICK HEAL TECHNOLOGIES has moved up from Rs 298.3 to Rs 660.4, registering a gain of Rs 362.1 (up 121.4%).

On the other hand, the BSE IT index has moved up from 31,998.7 to 42,534.2, registering a gain of 32.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 169.3%), Firstsource Solutions (up 85.0%) and PERSISTENT SYSTEMS (up 82.4%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,897.8 (up 0.3%).

The top gainers among the BSE Sensex today are ITC (up 2.0%) and ICICI Bank (up 1.5%). The most traded stocks in the BSE Sensex are Tata Steel and Bharti Airtel.

In the meantime, NSE Nifty is at 25,058.7 (up 0.2%). ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,897.8, registering a gain of 16,385.7 points (up 25.0%).

QUICK HEAL TECHNOLOGIES Financial Update...

QUICK HEAL TECHNOLOGIES net profit grew 131.6% YoY to Rs 40 million for the quarter ended June 2024, compared to a loss of Rs 128 million a year ago. Net sales rose 36.6% to Rs 703 million during the period as against Rs 514 million in April-June 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 86.7.


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