Quick Heal shares bounce back; settle over 2% higher

Shares of newly-listed software security solutions provider Quick Heal Technologies bounced back today and ended with gains of over 2 per cent.
The stock ended at Rs 258.45 , up 1.57 per cent on BSE. During the day, it gained 7.17 per cent to Rs 272.70.
At NSE, shares of the company settled 2.1 per cent higher at Rs 259.20.
On the volume front, 28.32 lakh shares of the company changed hands at BSE and over 98 lakh shares were traded at NSE during the day.
Quick Heal had a weak debut on the stock exchanges yesterday, plunging nearly 21 per cent over the issue price of Rs 321.

It is the third company after TeamLease Services and Precision Camshafts to make stock market debut this year.

The company's Rs 451-crore IPO, which closed on February 10, was over-subscribed 11 times at a price band of Rs 311-321 per share.
In the IPO, the portion set aside for qualified institutional buyers (QIBs) was subscribed 4.34 times, retail investors saw 3.8 times subscription and the non-institutional investors category was subscribed by 36.7 times.
Quick Heal provides software security products and solutions in India.