Quick Heal Technologies jumps on buyback plan

Quick Heal Technologies rose 5.47% to Rs 213.10 at 9:21 IST on BSE after the company said its board will meet on 5 March 2019, to consider a proposal for buyback fully paid up equity shares of the company.

The announcement was made after market hours yesterday, 27 February 2019.

Meanwhile, the S&P BSE Sensex was up 119.45 points, or 0.33% to 36,024.88.

On the BSE, 23,000 shares were traded in the counter so far compared with average daily volumes of 35,000 shares in the past two weeks. The stock had hit a high of Rs 215.50 and a low of Rs 211.90 so far during the day. The stock hit a 52-week high of Rs 354.15 on 11 May 2018. The stock hit a 52-week low of Rs 171.50 on 18 February 2019.

 

Net profit of Quick Heal Technologies rose 101.88% to Rs 16.09 crore on 3.65% rise in net sales to Rs 65.91 crore in Q3 December 2018 over Q3 December 2017.

Quick Heal Technologies is an IT security solutions company.

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