Cyber Security stock backed by Vijay Kedia specializing in providing cybersecurity solutions focusing on risk-based vulnerability management, penetration testing, and many more hit a 2 percent upper circuit in the day’s trade following 240 percent jump in Net Profits.
Price Action
With a market capitalization of Rs. 801 Crores, the shares of Tac Infosec Limited were trading at Rs. 763.95 per equity share, up 2 percent from the previous day’s close price of Rs. 749.
What Happened
Its revenue from operations half yearly grew by 145 percent YoY from Rs. 5.02 Crores in H1FY24 to Rs. 12.31 Crores in H1FY25 and it grew by 87 percent HoH from Rs. 6.59 Crores in H2FY24 to Rs. 12.31 Crores in H1FY25.
Its net profit half yearly grew by 240 percent YoY from Rs. 1.92 Crores in H1FY24 to Rs. 6.52 Crores in H1FY25 and it grew by 48 percent HoH from Rs. 4.4 Crores in H2FY24 to Rs. 6.52 Crores in H1FY25.
Ace Investor
Ace Investor Vijay Kishanlal Kedia has made a fresh position in Tac Infosec Limited by purchasing a 14.6 percent stake in the company consisting of 15.30 Lakh equity shares.
About the Company
TAC Infosec Limited specializes in providing cybersecurity solutions through a Software as a Service (SaaS) model, focusing on risk-based vulnerability management, cybersecurity quantification, and penetration testing for clients across various industries across the globe.
It protects Fortune 500 companies, leading enterprises, and governments worldwide. It manages more than 5 million vulnerabilities through its Artificial Intelligence (AI)-based Vulnerability Management Platform, ESOF (Enterprise Security in One Framework).
TAC Infosec Limited debuted on NSE Emerge on April 5, 2024, with a 174 percent premium over the offer price. Backed by stock market expert Vijay Kedia, the company raised 29.99 crores through its IPO and received bids exceeding 1 billion dollars, resulting in an oversubscription of 422 times.
Written by: Bharath K.S
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