Vijay Kedia’s Portfolio Gains Rs 3,84,41,250 In Just 1 Day From This Multibagger IT-Software Stock; Script Locked In Upper Circuit On October 16
The stock gave multibagger returns of 169.80 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 Rs 704.40 per share from its previous closing of Rs 670.90. The stock’s 52-week high is Rs 900 and its 52-week low is Rs 261.10.
Update 1: TAC Security has achieved a significant milestone by becoming an authorized assessor for Google's Mobile Application Security Assessment (MASA) program. As the sole recommended and preferred assessor for Google's CASA program, TAC Security is now poised to serve the vast ecosystem of over 3.5 million apps on the Google Play Store. This exclusive partnership not only grants TAC Security access to a high-volume client base but also aligns with its strategic goal of becoming the world's largest vulnerability management firm by 2026. The MASA assessments empower developers to enhance app security, while TAC Security's recent global acquisitions in the US and UAE further solidify its position as a leading cybersecurity provider.
Update 2: TAC InfoSec Limited, a leading global cybersecurity firm, has successfully completed two strategic acquisitions in the US and UAE. These acquisitions, CyberSandia in the US and WOS in the UAE mark significant milestones in TAC Security's expansion plans. The US acquisition strengthens the company's presence in the US market, particularly in the public sector, while the UAE acquisition positions TAC Security to capitalize on the growing demand for cybersecurity services in the Middle East. Both acquisitions demonstrate TAC Security's commitment to providing innovative cybersecurity solutions to clients worldwide.
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Results: TAC InfoSec Limited, has reported exceptional financial results for its first quarter of fiscal year 2025. The company's revenue surged by a remarkable 93.81%, driven by significant growth in its customer base and global market penetration. This strong performance translated into a substantial increase in net profit, reaching a robust 94.45% quarter-on-quarter. TAC Security's expanding reach now spans 55 countries, with a remarkable addition of 590 new clients in just one quarter. This rapid growth is a testament to the company's ability to meet the increasing demand for advanced cybersecurity solutions and underscores its position as a trusted partner for global organizations.
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.
An ace investor, Vijay Kedia owns 11,47,500 shares or 10.95 per cent stake in the company. The stock gained Rs 33.50 per share today (5 per cent upper circuit), therefore his portfolio gained Rs 3,84,41,250 in just 1 day (Rs 33.50 per share x 11,47,500 shares). The stock gave multibagger returns of 169.80 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.