InvestorQ : Why has Quick Heal Technologies touched a new 52-week high and why did it rally sharply on Friday?
shrinidhi Rajan made post

Why has Quick Heal Technologies touched a new 52-week high and why did it rally sharply on Friday?

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3 months ago
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You are right that Quick Heal Technologies, a provider of software security and anti-malware services in India, has risen sharply by 8% and scaled a level of Rs.187; the highest level in the last one year. In just the last one month, the stock has advanced by nearly 10% at a time when the Nifty was up just about 1.2%. Quick Heal is a major provider of IT security and data protection solutions and has a very strong presence in India.

The markets were enthused by the fact that Quick Heal managed to onboard IT veterans on board the company including Sanjay Agrawal and Bibhuti Kar. This is expected to substantially enhance their ability to develop new products and to also strengthen the enterprise business of the company. The stock did come in for coms correction later in the day but continues to trade quite close to its annual high levels.

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