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Quick Heal Tech inches up after launching cyber security consulting services

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Quick Heal Technologies rose 0.58% to Rs 269.70 at 10:42 IST on BSE after the company announced that it has launched cyber security consulting and education services named Seqrite Services and Quick Heal Academy.

The announcement was made after market hours yesterday, 20 June 2016.

Meanwhile, the S&P BSE Sensex was down 23.90 points or 0.09% at 26,843.02.

On BSE, so far 43,000 shares were traded in the counter as against average daily volume of 2.73 lakh shares in the past one quarter. The stock rose as much as 2.1% at the day's high of Rs 273.80 so far during the day. The stock rose 0.41% at the day's low of Rs 269.25 so far during the day. The stock had hit a record high of Rs 329.95 on 18 February 2016. The stock had hit a record low of Rs 180 on 29 February 2016. The stock had outperformed the market over the past one month till 20 June 2016, advancing 11.31% compared with Sensex's 6.19% rise. The scrip had also outperformed the market in past one quarter, surging 21.06% as against Sensex's 7.67% rise.

Quick Heal Technologies announced that it has launched Seqrite Services to offer cyber security consulting and Quick Heal Academy to impart cyber security education programs, globally.

On consolidated basis, Quick Heal Technologies' net profit rose 63.7% to Rs 37.82 crore on 26.3% growth in net sales to Rs 131.44 crore in Q4 March 2016 over Q4 March 2015.

Quick Heal Technologies is one of the leading providers of security software products and solutions in India.

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First Published: Tue, June 21 2016. 10:39 IST