Quick Heal Technologies Ltd up by 11.31 percent | Espresso Market Updates

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Espresso shot of the day – Quick Heal Technologies Ltd up by 11.31 percent

June 21, 2021
Espresso shot of the day – Quick Heal Technologies Ltd up by 11.31 percent

QUICK HEAL TECHNOLOGIES LTD 270.10 (+11.31%) BSE – INE306L01010 | 21ST JUNE 2021

Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is one of the leading IT security solutions company. Each Quick Heal Technologies Ltd. product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customised to suit consumers, small businesses, Government establishments and corporate houses. Over a span of 25 years the company's R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning enabled solutions stop threats, attacks and malicious traffic before it strikes.

Recent Drivers

  • On 15th June, 2021, Seqrite, the enterprise arm of Quick Heal Technologies Ltd., has introduced a centralised cybersecurity platform to counter cyberattacks that have spiked during the pandemic. Seqrite claims to have successfully thwarted more than 13,000 cyberattacks every hour in 2020, including ransomware (double extortion), APTs and targeted attacks.
  • On 18th May 2021, Quick Heal Technologies Ltd. announced the schedule for proposed buyback of up to 63,26,530 equity shares of Rs 10 each at a price of Rs 245 per share for a maximum amount of Rs 155 crores.
  • On 15th May 2021, Company announced a dividend of Rs 4 per share, subject to shareholders approval at the ensuing AGM.
  • On 15th May 2021, Quick Heal Technologies Ltd. said its consolidated net profit grew manifold to Rs 39.7 crore in the March 2021 quarter.
  • On 15th May 2021, Quick Heal Technologies Ltd. said Its revenues increased to Rs 105.2 crores in the March 2021 quarter.
(Sources: Economic Times, Moneycontrol, Business Standard, BSEIndia)

Technical Force*

  • S&P BSE Small Cap month till date gain up by 5.33%
  • Traded on new 52-week-high value of 274.00
  • 3 months avg. volume of NSE: 6,53,956
  • Quantity traded: 1,92,698 | Deliverable quantity: 61,058 (31.69 %)
  • Stock price has jumped more than 145 % from one year low level: 108.25 (July 31, 2020)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 274 | 52-week-low: 108.25

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

337.08

260.17

216.28

139.37

95.48

18.57

-

-

Fibonacci Pivot

260.17

214.02

185.51

167.15

139.37

111.58

93.22

64.71

18.57


Today’s Close

270.10

SMA

BSE

10 DAY

249.07

20 DAY

239.00

50 DAY

213.31

200 DAY

175.40

Some Key Ratios (Source: BSE)

Market Cap: 1,734.25 crores

PE: 16.24

OPM%: 56.36

ROE%: 14.13

Promoters holding%: 72.83

Prev. Close: 242.65

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.