Quick Heal Technologies rose 1.12% to Rs 220.85 at 10:08 IST on BSE after the company said it entered into a collaboration with Jetico to develop encryption solution.
The announcement was made after market hours yesterday, 20 November 2017.Meanwhile, the S&P BSE Sensex was up 131.25 points, or 0.39% to 33,491.15.
On the BSE, 8,397 shares were traded in the counter so far, compared with average daily volumes of 44,367 shares in the past one quarter. The stock had hit a high of Rs 223.30 and a low of Rs 220.30 so far during the day. The stock hit a 52-week high of Rs 295.85 on 9 December 2016. The stock hit a record low of Rs 172.75 on 14 August 2017.
The stock had outperformed the market over the past 30 days till 20 November 2017, rising 17.58% compared with 2.99% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 24.34% as against Sensex's 6.61% rise. The scrip had underperformed the market in past one year, falling 2.28% as against Sensex's 29.48% rise.
The small-cap company has equity capital of Rs 70.24 crore. Face value per share is Rs 10.
Quick Heal Technologies said that its enterprise security solutions brand, Seqrite, has entered into a technology collaboration with Jetico, a Finnish company developing data protection software, to develop superior encryption solutions and expand its enterprise security portfolio. Through this collaboration, Seqrite gains the rights to integrate the technology from Jetico's whole disk encryption software and deliver the finest 'Endpoint Encryption' solution to its customers. Encryption is regarded as the most critical tool to safeguard data from internal as well as external threats.
Net profit of Quick Heal Technologies rose 8.2% to Rs 39.27 on 1.8% decline in net sales to Rs 104.53 crore in Q2 September 2017 over Q2 September 2016.
Quick Heal Technologies is one of the leading providers of IT security software products and solutions in India.
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