Quick Heal surges 20% on heavy volumes

The stock locked in upper circuit of 20% at Rs 237 on the BSE on back of heavy volumes at 02:49 PM.

Quick Heal Technologies was locked in upper circuit of 20% at Rs 237 on the BSE on back of heavy volumes.

Till 02:49 PM, a combined 7.01 million shares changed hands on the counter and there were pending buy orders for 174,873 shares on the BSE and NSE. An average sub five million shares were traded daily in past two weeks.

Read more from our special coverage on "QUICK HEAL TECHNOLOGIES"

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Quick Heal Technologies today announced that it has been named a 2016 excellence in Information Security Testing Award recipient by ICSA Labs for successful completion of five years of continues ICSA Labs information security testing.

A global security company, Quick Heal launched its Seqrite product line in North America last year. Seqrite provides everything a small-to-midsize enterprise (SME) needs to prevent internal and external threats, attacks and malicious intents before they strike and can be managed through a simple-to-use, cloud interface.

Offered through the North American IT channel, Seqrite delivers cross-platform support for Apple, Windows, iOS and Android endpoints, along with servers and networks/gateways, and total mobile device management.

Shares software security provider was continued under pressure since its listing on the bourses last month. The stock hit a low of Rs 180 on February 29, in intra-day trade, nearly halved from its issue price of Rs 321. The company had raised Rs 451 crore through its initial public offer (IPO).