India's Quick Heal Technologies falls to more than 2-1/2 yr low after Q4 loss

Quick Heal Technologies

18/04/2023 05:07

** Shares of IT security solutions co Quick Heal
Technologies  QUIC.NS  fall as much as 15.37% to 125 rupees,
hitting their lowest level since Sept. 9, 2020
    ** Stock marks sharpest intraday pct loss since Aug. 9,
2021; on track for a second consecutive session of loss, if
trends hold
    ** Co on Monday reported a qtrly loss of 66.4 million rupees
($810,052) vs profit of 280.9 mln rupees yr ago as revenue
slumped ~53% 
    ** QUIC also declared a final dividend of 2.50 rupees per
shr and named Ankit Maheshwari as the new CFO 
    ** Share price below 50-day, 100-day and 200-day simple
moving averages, suggesting bearish trend
    ** Stock witnessing its most active trading session since
Jan. 25
    ** More than 340,000 shares change hands by 9:27 a.m. IST,
6.6x 30-day avg of 52,475 shares
    ** Stock down ~16% YTD, as of last close



($1 = 81.9700 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))