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Quick Heal zooms 8%, hits 52-wk high as board to consider buyback proposal

Shares of Quick Heal Technologies, on Friday, soared up to 8 per cent to a fresh 52-week high of Rs 187 on the National Stock Exchange (NSE), in an otherwise weak market, after the company said its board will consider a share buyback on March 10, 2021. The security software provider s stock has advanced 9.1 per cent in the last one month (till Thursday) as compared to a 1.2 per cent rise in the benchmark Nifty50 index. Quick Heal Technologies is one of the leading providers of IT security and data protection solutions with a strong footprint in India and an evolving global presence. In the December 2020 quarter, Quick Heal s consolidated net profit declined 24.3 per cent year-on-year (YoY) to Rs 13.4 crore. Its total revenue, however, grew 6.3 per cent YoY to Rs 69.8 crore in the quarter under review.

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