Amidst heavy ups and downs in the stock market, the shares of TAC INFOSEC put up an upper circuit of 5% on Monday. The company made her debut in the stock market on 5 August 2024 and since then its shares have recorded a tremendous rise of 1100.90%. The stock reached the level of Rs 1273 in NSE on Monday.
How is the financial condition of Tac Infosec?
- The company’s total revenue was Rs 13.16 crore in the first half of the current financial year.
- After the tax payment, the company’s net profit was recorded at Rs 6.5 crore.
- The company’s market cap has reached Rs 1781 crore.
- The company made several acquisitions in the first quarter, trying to expand its expansion in Dubai and America.
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Vijay Kedia’s share
- Famous investor Vijay Kedia had 11,47,500 shares till the September quarter, equivalent to the company’s 10.95% stake.
- His son Ankit Kedia had 3.65% stake i.e. 3,82,500 shares.
- The Kedia family holds a total of 15% stake in the company.
IPO came last year
- Tac Infosec’s IPO was opened on 27 March 2024 and was available to investors till 2 April 2024.
- The company had fixed a price band of Rs 100-106 per share for its IPO.
- This IPO was 422 times subscribed, causing it to a tremendous hit among investors.
- A lot of 1200 shares was created in the IPO.
This speed of Tac Infosec shares is keeping it in the category of multibagger stock, giving investors huge profits.
