TAC Infosec surges as much as 2% to record its all time high figure of INR 1,544.30 apiece on the NSE today (January 17)
The company has given a return of 8.24% in the last 5 sessions and 38% over the last month
This marks a 432.5% increase in its stock price from its listing price of INR 290 on April 5 last year. It is pertinent to note that the stock was listed at 173.6% premium from its issue price of INR I06
Shares of TAC Infosec surged as much as 2% to record its all time high figure of INR 1,544.30 apiece on the NSE today (January 17). This also marks the fresh 52-week high for the stock.
WIth this, the cybersecurity company’s total market capitalisation stood at INR 1,618.36 Cr (around $186 Mn) as of 3:05 PM.
The company has given a return of 8.24% in the last 5 sessions and 38% over the last month.
This marks a 432.5% increase in its stock price from its listing price of INR 290 on April 5 last year. It is pertinent to note that the stock was listed at 173.6% premium from its issue price of INR I06. TAC Infosec’s debut in Dalal Street was one of the biggest from the startup ecosystem this year as its IPO closed with a whopping 392.5X oversubscription.
Founded in 2016 by Trishneet Arora, TAC Security specialises in vulnerability management and other SaaS cybersecurity solutions to enterprises and small businesses. The company’s flagship product ESOF (Enterprise Security in One Framework) helps in vulnerability assessment and penetration testing.
Last year, the listed firm made two strategic acquisitions to bolster their presence in the US and UAE.
It acquired US-based CyberSandia to strengthen its presence in the region without disclosing the exact details of the deal. Moreover, it also acquired WOS — a wholly owned subsidiary of TAC Cyber Security Consultancy LLC in the UAE — to cater to the growing demand for advanced cybersecurity services in the Gulf Cooperation Council (GCC) region.
The SaaS company’s consolidated net profit surged 240% to INR 6.52 Cr in the first half (H1) of the financial year 2024-25 (FY25) from INR 1.92 Cr in the year-ago period on the back of rise in revenue and improvement in margins.
TAC Infosec had posted a net profit of INR 4.4 Cr in H2 FY24.
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