{"id":136362,"date":"2024-10-14T16:21:57","date_gmt":"2024-10-14T10:51:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=136362"},"modified":"2024-10-14T16:21:59","modified_gmt":"2024-10-14T10:51:59","slug":"cybersecurity-stock-jumps-4-after-company-partners-with-google","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cybersecurity-stock-jumps-4-after-company-partners-with-google\/","title":{"rendered":"Cybersecurity stock jumps 4% after company partners with Google"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-617188690\"><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>Shares of this micro-cap company primarily engaged in the cybersecurity sector, focusing on vulnerability management, surged over 4 percent after collaborating with Google for MASA (Mobile Application Security Assessment) Assessor.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2775919822\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement&nbsp;<\/strong><\/h2><p>In Monday&#8217;s trading session, share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/TAC\" target=\"_blank\" rel=\"noreferrer noopener\">TAC InfoSec Limited<\/a><\/strong> reached an intraday high of Rs.698.95 per share, up 4.2 percent from the previous close of Rs.670.70 per share. The share price has retreated since then and closed at Rs.693.00 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What happened&nbsp;<\/strong><\/h2><p>On October 14, 2024, TAC InfoSec Limited, India\u2019s first publicly listed cybersecurity company, announced its partnership with Google as an authorised lab for Mobile Apps Security Assessment (MASA) under the App Defence Alliance (ADA).&nbsp;<\/p><p>As a MASA Authorised Assessor, TAC InfoSec will help developers and organisations meet Google\u2019s mobile application security standards, ensuring rigorous vulnerability testing and top-tier security compliance. Previously, TAC InfoSec was the preferred Assessor for Google\u2019s CASA (Cloud Application Security Assessment) Program.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1095078341\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/stock-hit-20-circuit-after-announcing-15-stock-split-and-expansion-plans\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stock hits 20% upper circuit after announcing 1:5 stock split and expansion plans<\/a><\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading\"><strong>Management Commentary&nbsp;<\/strong><\/h2><p>Commenting on the partnership, Trishneet Arora, Founder, Chairman, and CEO of TAC InfoSec, said, \u201cWe are excited to join the exclusive club of Google-approved authorised labs for MASA assessment. This will open an exclusive opportunity to accelerate client additions at our end, given a potential universe of 10,000+ developers on the Play Store.&nbsp;<\/p><p>At the same time, MASA service commands a premium in terms of margins compared to Cloud Apps, enabling us to improve our margins in the future. This achievement and the recent global acquisitions keep us in line with the growth projections and, more importantly, towards our vision to become the largest vulnerability management firm globally by 2026.\u201d&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Brand Portfolio&nbsp;<\/strong><\/h2><p>TAC InfoSec&#8217;s client roster includes prominent new clients such as Salesforce, Nissan Motors, AutoDesk, Dropbox, BlackBerry, Fujifilm, Casio, Zepto, MPL, and OneCard. The company has also retained major clients like Reliance ADA Group, Bandhan Bank, and DBS Bank, reflecting its strong position in the cybersecurity market.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance&nbsp;<\/strong><\/h2><p>According to its recent financial updates, the company reported Revenue from operations of Rs.11.62 crore in FY24, 16 percent more when compared to Rs.10.00 crore in FY23. Net Profits grew 25 percent to Rs.6.33 crore from Rs.5.07 crore in the same period.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile&nbsp;<\/strong><\/h2><p>TAC InfoSec Limited operates primarily in the cybersecurity sector, focusing on vulnerability management. The company utilises a Software as a Service (SaaS) business model, offering services such as risk-based vulnerability management, cybersecurity quantification, and penetration testing.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/2-ambani-stocks-falls-3-after-their-losses-widens-in-q2\/\" target=\"_blank\" rel=\"noreferrer noopener\">2 Ambani stocks fall 3% after their losses widens in Q2<\/a><\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Written by &#8211; Siddesh S Raskar&nbsp;<\/em><\/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-content-10\" id=\"trade-2630450069\"><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><div class=\"trade-after-content\" id=\"trade-1727867120\"><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>Shares of this micro-cap company primarily engaged in the cybersecurity sector, focusing on vulnerability management, surged over 4 percent after collaborating with Google for MASA (Mobile Application Security Assessment) Assessor.\u00a0 Price Movement&nbsp; In Monday&#8217;s trading session, share price of TAC InfoSec Limited reached an intraday high of Rs.698.95 per share, up 4.2 percent from the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18905,"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":[31,1789],"tags":[23128,948,936,2597,20243,17884,17885],"class_list":["post-136362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-cybersecurity-stock","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-tac-infosec","tag-tac-infosec-latest-news","tag-tac-infosec-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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