Electronics stock specializing in procuring and selling refurbished electronics like Laptops, Monitors, Tablets, related accessories, and many more across India jumped 18 percent in the day’s trade following collaboration with Quick Heal Technologies Limited.
Price Action
With a market capitalization of Rs. 392 Crores, the shares of Newjaisa Technologies Limited were trading at Rs. 122 per equity share, up 13 percent from the previous day’s close price of Rs. 108.10
About the company
Newjaisa Technologies Limited a leading Direct-to-Consumer (D2C) brand in the burgeoning refurbished electronics market has signed a collaboration agreement with Quick Heal Technologies Limited, a leading global cybersecurity solutions provider.
Under the terms, this collaboration will see Quick Heal Technologies’ flagship product, Total Security, pre-installed on all NewJaisa refurbished laptops and desktops. With a dominant market share of NewJaisa, this partnership positions Quick Heal at the forefront of cybersecurity and strengthens its presence in this rapidly evolving sector.
Quick Heal Total Security provides comprehensive digital protection, powered by its patented GoDeep.AI technology, an AI-enabled deep predictive malware hunting system with a cloud-based deep learning module and advanced behavior detection system.
Its Key features include dark web monitoring, smart parenting, web security, and phishing protection, advanced anti-ransomware, data backup, and metaProtect, a cloud-based platform for synchronized cybersecurity remote management and monitoring of registered devices on the go. This all-encompassing cybersecurity solution meets the evolving needs of today’s digital landscape.
CEO Message
Vishesh Handa, CEO of NewJaisa Technologies, commented on the partnership, “The integration of Quick Heal Total Security into our refurbished devices marks a significant enhancement to our value proposition.
As a key player in India’s refurbished electronics market, we recognize the importance of coupling affordability with strong security measures. Quick Heal’s advanced features complement our existing quality assurance processes, allowing us to offer a more comprehensive product to our customers.
This partnership not only strengthens our market position but also addresses critical security concerns in the refurbished electronics sector, potentially opening new avenues for market growth.
About the company
Newjaisa Technologies Limited is a technology-driven, full-stack direct-to-consumer company specializing in procuring and selling refurbished electronics like Laptops, Monitor, Tablets, related accessories, and many more, serving a pan India customer base across more than 20,000 pin codes.
Financials and Ratios
Its Revenue from operations grew by 38.63 percent from Rs. 44.53 Crores in FY23 to Rs. 61.73 Crores in FY24, accompanied by profits of Rs. 6.76 Crores to Rs. 6.32 Crores.
In terms of Return ratios, it has reported a return on equity (ROE) of 68 percent and a return on capital employed (ROCE) of 49.8 percent. It has reported a debt-to-equity ratio of 0.14.
Written by: Bharath K.S
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