India's Quick Heal Technologies hits near 1-month low on Q3 loss

Quick Heal Technologies

25/01/2023 05:12

** Shares of Quick Heal Technologies Ltd  QUIC.NS  fall as
much as 8.7% to 166.05 rupees, their lowest level since Dec. 28
    ** Steepest intraday pct decline since Dec. 28
    ** Security software maker reported consolidated loss of
92.9 million rupees ($1.14 million) from profit 142.9 mln rupees
($1.75 million) a year ago
    ** QUIC said cuts in global IT spends are contracting
consumer market in the short term
    ** Stock fell below its 50-day moving average after trading
above it for six consecutive sessions
    ** Nearly 265,000 shares traded as of 10:29 am IST, 4x the
30-day moving average
    ** Stock fell 29.4% in 2022, after rising for two
consecutive years
($1 = 81.5470 Indian rupees)
 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com;))