Quick Heal Technologies Limited

Quick Heal Technologies Ltd is one of the leading IT security solutions company. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customised to suit consumers, small businesses, Government establishments, and corporate houses. Over a span of over 20 years, the company's R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning enabled solutions to stop threats, attacks, and malicious traffic before it strikes. This considerably reduces system resource usage. The security solutions are indigenously developed in India. Quick Heal Antivirus Solutions, Quick Heal Scan Engine and the entire range of Quick Heal products are proprietary items of Quick Heal Technologies Ltd.  The financials of the company is average, RoNW is 10.35% and at CMP its looks fully priced. Price difference is around 23% and acceptance ration as per current share holding for retail will be around 10%, so we may expect the final acceptance ratio may be around 20% if promoters take part in buyback, otherwise around 40%, so profit may be 2% to 10%. So we give NEUTRAL rating to this buyback.