Kedia’s Hold 14.60% Sake: IT Company Bags Rs 67,00,000 Order from One of the Top 10 Stock Broking Firm of India
In just 1 day, Kedia’s gained Rs 6,62,49,000 [(11,47,500 shares + 3,82,500 shares) x Rs 43.3 per share].
On Wednesday, shares of TAC InfoSec Limited jumped 4.2 per cent to Rs 1,084 per share from its previous closing of Rs 1,040.70 per share.
TAC Infosec Limited has secured a significant service order, valued at approximately Rs 67,00,000 (Rupees Sixty-Seven Lakh Only), from one of India's Top 10 Stock Broking Firms. This domestic contract, to be executed by March 2026, involves providing comprehensive Cyber Security Assessment services for one year, with payments scheduled quarterly in advance. The client, an undisclosed, premier diversified financial institution, boasts a robust presence across over 550 cities and 2,500 business locations, offering a wide array of financial services, including asset management and investment banking. This prestigious engagement underscores TAC Infosec Limited's leadership in safeguarding critical digital infrastructure within the financial services sector and reinforces its commitment to protecting India's leading financial institutions.
About the Company
TAC InfoSec Limited (NSE: TAC), a publicly listed global cybersecurity firm specialising in vulnerability management, is known for its oversubscribed $1 billion IPO. Their flagship ESOF platform offers cyber scoring, risk quantification, and AI-powered vulnerability assessment and penetration testing. Holding CREST, PCI ASV, and ISO 27001 certifications, they partner with Google, Microsoft, and Meta for cloud security assessments. TAC Security serves a global clientele, including Fortune 500 companies, start-ups, and governments.
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According to half-yearly results, the net sales increased by 157 per cent to Rs 18 crore and net profit increased by 100 per cent to Rs 8 crore in H2FY25 compared to H2FY24. In its annual results, the net sales increased by 150 per cent to Rs 30 crore and net profit increased by 150 per cent to Rs 15 crore in FY25 compared to FY24.
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 March 2024. In just 1 day, Kedia’s gained Rs 6,62,49,000 [(11,47,500 shares + 3,82,500 shares) x Rs 43.3 per share]. The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 500 per share.
Disclaimer: The article is for informational purposes only and not investment advice.