Quick Heal zooms 8%, hits 52-wk high as board to consider buyback proposal – news 07 trends

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Shares of Fast Heal Applied sciences, on Friday, soared as much as 8 per cent to a current 52-week excessive of Rs 187 on the Nationwide Inventory Trade (NSE), in an in every other case weak market, after the corporate talked about its board will contemplate a share buyback on March 10, 2021.

The protection software program provider’s inventory has superior 9.1 per cent throughout the ultimate one month (till Thursday) as in distinction to a 1.2 per cent rise throughout the benchmark Nifty50 index.

Fast Heal Applied sciences is among the many foremost suppliers of IT security and data security choices with a strong footprint in India and an evolving worldwide presence.

Within the December 2020 quarter, Fast Heal’s consolidated net income declined 24.3 per cent year-on-year (YoY) to Rs 13.4 crore. Its entire earnings, nonetheless, grew 6.3 per cent YoY to Rs 69.8 crore throughout the quarter beneath analysis.

“On the R&D entrance, with the appointment of trade veterans like Sanjay Agrawal and Bibhuti Kar, now we have accelerated new product growth efforts to strengthen our enterprise enterprise below ‘Seqrite’,” Fast Heal Applied sciences Managing Director and CEO Kailash Katkar talked about.

At 1:30 PM, the inventory was shopping for and promoting 5.34 per cent up at Rs 181.45 as in distinction to 0.3 per cent decline throughout the benchmark Nifty50 index. A whole of 23.9 lakh shares have modified arms on the NSE and BSE, blended, up to now.

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