Vijay Kedia gains Rs 5,51,37,375 and Ankit Vijay Kedia gains Rs 1,83,79,125 in just 1 day from this multibagger IT stock; Hit upper circuit & 52-week high
The stock gave multibagger returns of over 280 per cent from its 52-week low of Rs 261.10 per share.
On Friday, shares of TAC InfoSec Limited hit a 5 per cent upper circuit to an intraday high of Rs 1,009.05 per share from its previous closing of Rs 961 per share. The stock also made a new 52-week high is Rs 1,009.05 while its 52-week low is Rs 261.10.
TAC InfoSec Ltd, a global cybersecurity company specialising in vulnerability management, is a publicly listed cybersecurity company that made headlines with its oversubscribed IPO worth USD 1 billion. TAC Security’s flagship product, ESOF (Enterprise Security in One Framework), excels in cyber scoring, cyber risk quantification and leveraging advanced AI for vulnerability assessment and penetration testing. TAC Security holds prestigious certifications like CREST, PCI ASV and ISO 27001 and partners with tech giants such as Google, Microsoft and Meta for ADA’s CASA (Cloud Application Security Assessment). Serving a diverse global clientele, TAC Security is committed to innovation and excellence in cyber security for Fortune 500 companies, start-ups and Governments Globally.
Results: TAC InfoSec Limited has announced impressive financial results for the first half of FY25. The company recorded a 238.41 per cent surge in net profit to Rs 6.53 crore, up from Rs 1.93 crore in the same period last year. Operating income also saw a significant boost, increasing by 162.22 per cent to Rs 13.16 crore. For the second quarter, the company posted a net profit of Rs 4.21 crore and an operating income of Rs 8,02 crore. The company's total revenue for H1FY25 reached Rs 13.16 crore, including other income of Rs 0.85 crore. Notably, TAC InfoSec achieved a PAT margin of 49.6 per cent and an EBITDA margin of 54.4 per cent in H1FY25. The company's strong performance is further highlighted by its Earnings Per Share (EPS) of Rs 6.21 per share.
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TAC InfoSec Limited, a global cybersecurity leader, has become an ioXt Authorized Lab, empowering the company to conduct IoT Security Assessments under the ioXt Certification Program. As one of eight companies worldwide with this accreditation, TAC Security solidifies its position as a pioneer in advanced IoT security evaluations. The company plans to integrate IoT Security Assessments into its ESOF Vulnerability Management Portfolio, offering organizations a comprehensive platform to manage IT, OT, and IoT risks. This aligns with the growing demand for trusted and secure IoT solutions. TAC Security aims to reach 10,000 global customers by March 2026, driven by the projected 25.4 billion IoT devices by 2030. The recent onboarding of 331 new clients underscores its commitment to addressing this demand. With certifications like ISO 17025, Google CASA Assessor, Google MASA Assessor, AppDecence Alliance Security Assessor, CERT-IN Emplaned, CREST Certified Penetration Testing Company, and now ioXt Alliance Security Assessor, TAC Security positions itself as a comprehensive cybersecurity solutions provider.
An ace investor, Vijay Kedia owns 11,47,500 shares or 10.95 per cent stake and his son - Ankit Vijay Kedia owns 3,82,500 shares or 3.65 per cent stake in the company as of September 2024. Vijay Kedia gains Rs 5,51,37,375 (11,47,500 shares x Rs 48.05 per share) and Ankit Vijay Kedia gains Rs 1,83,79,125 (3,82,500 shares x Rs 48.05 per share) in just 1 day from this multibagger IT stock. The stock gave multibagger returns of over 280 per cent from its 52-week low of Rs 261.10 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.