India's Quick Heal falls most in 3 months on swing to Q1 loss

Quick Heal Technologies

21/07/2023 05:42

** Shares of cyber security products company Quick Heal
Technologies  QUIC.NS  fall as much as 11.2% to 148 rupees,
marking sharpest intraday pct loss since April 18
    ** Stock hits lowest level since June 6, on track for a
second consecutive session of losses if trends hold
    ** QUIC on Thursday reported consolidated loss of 127.6
million rupees ($1.56 million) in the June quarter versus a
profit of 1.8 million rupees a year ago
    ** Revenue from operations fell 15.8% to 514.4 million
rupees
    ** More than 473,000 shares change hands by 09:52 a.m. IST,
4.6x the 30-day avg
    ** Stock down 4.7% so far this year as of last close 


($1 = 82.0100 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com;))