Vijay Kedia’s portfolio multibagger IT-software stock to keep under radar as the company is recognized in Richard Stiennon's Cyber 150 List
The stock gave multibagger returns of 178 per cent from its 52-week low of Rs 261.10 per share.
TAC InfoSec Limited, a prominent cybersecurity provider, has been honoured with a place on Richard Stiennon's renowned Cyber 150 List for 2024. This prestigious ranking recognizes the world's fastest-growing cybersecurity companies, highlighting those with a significant employee base and substantial growth in the first half of the year. The Cyber 150 list, curated by IT-Harvest's Chief Research Analyst, showcases companies making substantial contributions to safeguarding businesses from cyber threats. The inclusion of TAC Security in this esteemed group underscores its commitment to protecting organizations and its innovative approach to cybersecurity.
TAC Security offers a comprehensive range of services designed to address the unique needs of businesses across various industries. With expertise in vulnerability assessments, penetration testing, threat intelligence, incident response, and ongoing security monitoring, TAC Security helps clients proactively identify and mitigate risks. By leveraging advanced technologies and best practices, TAC Security empowers organizations to navigate the complexities of the digital landscape and safeguard their valuable assets. This recognition comes at a time when cybersecurity is becoming an increasingly critical priority for businesses worldwide, as they strive to protect their operations and data in the face of evolving threats.
On Monday, shares of TAC InfoSec Limited plunged 1.35 per cent to Rs 725 per share with an intraday high of Rs 740 and an intraday low of Rs 719.05 from its previous closing of Rs 734.50.
TAC InfoSec, India's first publicly listed cybersecurity company, has announced impressive financial results for its first quarter of the fiscal year 2025. The company's total revenue surged by 93.81 per cent to Rs 5.14 crore, including Rs 27.8 lakh in other income, compared to the previous quarter. This strong performance was driven by a significant increase in both customer base and global market penetration.
Profitability also soared, with a 94.45 per cent quarter-on-quarter increase in net profit to Rs 2.32 crore. This translates to a robust profit margin of 47.74 per cent. The company's earnings per share reached INR 2.22, reflecting solid earnings growth. TAC Security's expanding footprint now covers 55 countries, with a remarkable addition of 590 clients in Q1FY25, compared to just 32 in the preceding quarter.
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This rapid growth is a testament to TAC Security's ability to address the increasing global demand for advanced cybersecurity solutions. The company's client portfolio now boasts high-profile international brands such as Salesforce, AutoDesk, Nissan Motors, and Xerox, alongside existing giants like Reliance ADA Group and an American Fortune 10 company. This influx of new clients underscores the trust and confidence major organizations place in TAC Security's cutting-edge cybersecurity offerings.
The shares of the company have a 52-week high of Rs 760 and a 52-week low of Rs 261.1. The stock gave multibagger returns of 178 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.