Kedia’s hold 14.60% Stake: Multibagger IT Stock Hit 52-Week High After Bagging Rs 2,29,50,339 Order from Department of Agriculture, Cooperation & Farmers Welfare
The stock gave multibagger returns of 283 per cent from its 52-week low of Rs 373.45 per share.
On Thursday, shares of TAC InfoSec Limited jumped 8.5 per cent and made a new 52-week high of Rs 1,429 per share from its previous closing of Rs 1,317.20 per share.
TAC Infosec Limited has secured a significant service order from the Department of Agriculture, Cooperation and Farmers Welfare, a Government of India entity, valued at approximately Rs 2,29,50,339. This domestic contract, set to conclude by May 20, 2027, entails providing crucial Cyber Security Assessment services. The engagement underscores TAC Infosec's commitment to bolstering the nation's cyber defences and securing critical infrastructure against the backdrop of potential warfare and cyberattacks.
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 2025. In just 1 day, Kedia’s gained Rs 17,10,54,000 [(11,47,500 shares + 3,82,500 shares) x Rs 7.30 per share]. The stock gave multibagger returns of 283 per cent from its 52-week low of Rs 373.45 per share.
Disclaimer: The article is for informational purposes only and not investment advice.