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QUICK HEAL TECHNOLOGIES Gains 8%; BSE IT Index Down 0.1%
Tue, 16 Jul 9:32

QUICK HEAL TECHNOLOGIES Gains 8%; BSE IT Index Down 0.1%Image source: Sefa Ozel/www.istockphoto.com

QUICK HEAL TECHNOLOGIES share price has zoomed 8% and is presently trading at Rs 528.0.

Meanwhile, the BSE IT index is at 39,730.1 (down 0.1%).

Among the top gainers in the BSE IT index today are Oracle Financial Services (up 1.6%) and ZENSAR TECHNOLOGIES (up 0.8%).

Firstsource Solutions (down 1.7%) and Eclerx Services (down 1.2%) are among the top losers today.

Over the last one year, QUICK HEAL TECHNOLOGIES has moved up from Rs 164.0 to Rs 528.0, registering a gain of Rs 364.1 (up 222.0%).

On the other hand, the BSE IT index has moved up from 29,490.1 to 39,730.1, registering a gain of 34.7% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 191.7%), Birlasoft (up 108.8%) and PERSISTENT SYSTEMS (up 103.3%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,777.1 (up 0.1%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 1.2%) and Maruti Suzuki (up 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,622.5 (up 0.2%). BPCL and HDFC LIFE INSURANCE are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,777.1, registering a gain of 15,383.2 points (up 23.5%).

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 116.7.


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