Security software products manufacturer bags Rs 18,00,00,000 order from NFSU Research and Innovation Council
The stock is up by 4.3 per cent from its 52-week low of Rs 252 per share and is 90 per cent up in 2 years.
Quick Heal Technologies has secured a substantial purchase order from the NFSU Research and Innovation Council, an institution of national importance under the Ministry of Home Affairs, for the implementation of a Cyber Literacy Program. This significant initiative aligns with the company's ongoing academy business and directly supports its strategic objective of bolstering national cyber resilience, further demonstrating the trust in Quick Heal's capacity to execute impactful, large-scale educational programs. The scope and value of this order, amounting to Rs 18 crore and to be executed within one year, represent a key commercial milestone in Quick Heal's sustained engagement with government and educational institutions.
While Quick Heal's academic division has a history of receiving purchase orders from various educational entities across India for cybersecurity education initiatives, this particular order from NFSU marks a major commercial engagement, solidifying the company's leadership in this domain. This development suggests a promising trend, with Quick Heal anticipating similar projects to become a consistent and recurring component of its business portfolio, contributing significantly to its growth and impact in the cybersecurity education sector within India.
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Quick Heal Technologies, an Indian company specialising in security software products for both domestic and international markets, holds a prominent position as a leader in the cybersecurity enterprise solutions sector in India, commanding over 30% market share. Notably, in FY24, Quick Heal Technologies distinguished itself as the sole Indian cybersecurity firm to be included as a member of the U.S. Artificial Intelligence Safety Institute Consortium.
The company has a market cap of Rs 1,398 crore with a PE of 277x and ROE of 1 per cent. The stock is up by 4.3 per cent from its 52-week low of Rs 252 per share and is 90 per cent up in 2 years.
Disclaimer: The article is for informational purposes only and not investment advice.