Vijay Kedia’s Portfolio Multibagger IT-Software Stock Hit Upper Circuit & 52-Week High After Expanding Into IoT Security Assessments
The stock gave multibagger returns of over 250 per cent from its 52-week low of Rs 261.10 per share.
On Wednesday, shares of TAC InfoSec Limited hit a 5 per cent upper circuit to an intraday high of Rs 915.25 per share from its previous closing of Rs 871.70 per share. The stock also made a new 52-week high is Rs 915.25 while its 52-week low is Rs 261.10.
TAC InfoSec Limited, a global cybersecurity leader, has made a significant stride by becoming an ioXt Authorized Lab. This prestigious certification empowers the company to conduct IoT Security Assessments under the ioXt Certification Program, ensuring that connected devices meet the highest global security standards. As one of only eight companies worldwide to hold this accreditation, TAC Security solidifies its position as a pioneer in advanced IoT security evaluations.
TAC Security plans to integrate IoT Security Assessments into its ESOF Vulnerability Management Portfolio, offering organizations a comprehensive platform to manage IT, OT, and IoT risks seamlessly. This strategic move aligns with the growing demand for trusted and secure IoT solutions. By expanding its service offerings, TAC Security aims to achieve its ambitious goal of reaching 10,000 global customers by March 2026.
With an estimated 25.4 billion IoT devices projected by 2030, the need for robust IoT security is paramount. TAC Security's recent achievement of adding 331 new clients in November underscores its commitment to addressing this growing demand. By offering a wide range of certifications, including 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.
Earlier, TAC InfoSec Ltd had achieved a remarkable milestone by onboarding over 330 clients from 42 countries in just one month. This significant growth surge positioned the company to become the world’s largest vulnerability management company by 2026. With this achievement, TAC Security had crossed the halfway mark towards its ambitious goal of 3,000 clients by March 2025. This rapid expansion underscored the company’s strong market position and its ability to deliver innovative solutions that addressed the evolving cybersecurity landscape.
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About the Company
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.
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. The stock gave multibagger returns of over 250 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.