{"id":135751,"date":"2024-10-09T15:11:02","date_gmt":"2024-10-09T09:41:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=135751"},"modified":"2024-10-09T16:01:26","modified_gmt":"2024-10-09T10:31:26","slug":"stock-hits-5-circuit-after-acquiring-200-new-clients-including-microsoft-lenovo-in-september","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-circuit-after-acquiring-200-new-clients-including-microsoft-lenovo-in-september\/","title":{"rendered":"Stock hits 5% circuit after acquiring 200 new clients including Microsoft &amp; Lenovo in September"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3043286161\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>During Wednesday\u2019s trading session, the shares of one of the leading global cybersecurity company in India hit a 5 percent upper circuit at Rs. 685.1, after the company announced acquiring 200 new clients, including Microsoft and Lenovo, in the month of September.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-580241953\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalisation of Rs. 716.8 crores, at 02:16 p.m., the shares of <strong>TAC InfoSec Limited<\/strong> were trading in the green at Rs. 683.95, up by nearly 4.8 percent, as against its previous closing price of Rs. 652.5.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What\u2019s the News:&nbsp;<\/strong><\/h2><p>According to the latest regulatory filings with the NSE, TAC InfoSec Limited acquired 200 new customers across 32 countries in September 2024 alone.&nbsp;<\/p><p>Among TAC Security\u2019s prestigious new clients are Microsoft, Gen Digital, Brother Industries, Sedric, Yext, Freshworks, and Lenovo.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-360026775\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Leading the customer acquisition numbers is the US, followed closely by the UK and France, demonstrating TAC Security\u2019s broad geographic reach, with new clients spread across the US, Japan, China, India, and other key markets.&nbsp;<\/p><p>The company plans to capitalise on this momentum by strategically upselling its full suite of cybersecurity solutions to these newly acquired clients, ensuring they receive comprehensive, industry-leading protection that meets and exceeds global cybersecurity standards.&nbsp;<\/p><p>As it looks to the future, TAC Security remains focused on its ambitious goal of becoming the world\u2019s largest vulnerability management company by March 2026.&nbsp;<\/p><p>The company is on track to meet its target of securing 10,000 customers globally by that date, with a near-term objective of acquiring 3,000 new clients by March 2025.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About TAC InfoSec IPO:&nbsp;<\/strong><\/h2><p>Backed by the stock market expert Vijay Kedia, TAC InfoSec Limited debuted on NSE Emerge on April 5, 2024, with a 174 percent premium over the offer price.&nbsp;<\/p><p>Through its first Initial Public Offering (IPO), the company raised ~Rs. 30 crore, and received bids surpassing $1 billion, leading to a 422-fold oversubscription.\u00a0<\/p><div class=\"trade-content-10\" id=\"trade-65730197\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials:<\/strong><\/h2><p>The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 16 percent, rising from Rs. 10 crores in FY23 to Rs. 11.6 crores in FY24.<br>During the same period, the company&#8217;s net profit rose from Rs. 5.07 crores to Rs. 6.3 crores, reflecting a growth of 24.3 percent YoY.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company:&nbsp;<\/strong><\/h2><p>TAC InfoSec Limited (brand name TAC Security) is India\u2019s first publicly listed cybersecurity company specialising in vulnerability management. The company offers security software products and solutions, and protects Fortune 500 companies, leading enterprises, and governments around the world.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-4119268496\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>During Wednesday\u2019s trading session, the shares of one of the leading global cybersecurity company in India hit a 5 percent upper circuit at Rs. 685.1, after the company announced acquiring 200 new clients, including Microsoft and Lenovo, in the month of September.&nbsp; With a market capitalisation of Rs. 716.8 crores, at 02:16 p.m., the shares [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":41340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-135751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stock hits 5% circuit after acquiring 200 new clients including Microsoft &amp; 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