Quick Heal Technologies share price jumps 5%, hits 52-week high on buyback plan

Quick Heal Technologies said a board meeting on March 10, 2021 would consider and approve the proposal for buyback of the fully paid-up equity shares of the company.

Moneycontrol News

March 05, 2021 / 11:07 IST

26 Aug, 2025 12:21

Volume

Todays L/H

Quick Heal Technologies share price jumped more than 5 percent in the morning trade on March 5 after the firm said a board meeting on March 10 would consider and approve the proposal for buying back the fully paid-up equity shares of the company.

The stock was trading at Rs 182.45, up Rs 10.20, or 5.92 percent, at 1044 hours. It touched a 52-week high of Rs 187. It touched an intraday high of Rs 187 and an intraday low of Rs 180.

"Pursuant to regulations 29(1) and 29(2) of the listing regulations, it is hereby notified that a board meeting of the company is scheduled on March 10, 2021 to consider and approve a proposal for buy back of the fully paid-up equity shares of the company," Quick Heal told exchanges.

The company also informed about Employee Stock Option Scheme -2021 for the aforesaid purpose. It further notified that the trading window for dealing in securities would remain closed from March 5, 2021 to and shall be opened 48 hours after the conclusion of the board meeting for all designated persons in terms of the company’s insider trading code of conduct.

On a consolidated basis, the company reported a 24.3 percent fall in net profit to Rs 13.46 crore on a 6.35 percent rise in net sales to Rs 69.88 crore in Q3 FY21 over Q3 FY20.