TAC Infosec Shares Recover Losses, Rally 5% To Hit Upper Circuit

Shares of TAC Infosec jumped 5% to hit upper circuit at INR 1210.20 during the intraday trading session on the NSE today (March 5). By touching the upper circuit, the stock snapped its three-day losing streak. 

Amid a rise in its stock price, TAC Infosec’s market capitalisation stood at INR 1,268.24 Cr. 

The company’s shares have lost over 9.7% in the last three trading sessions, closing the last trading session at INR 1152.60 on the NSE. 

The surge in its stock price coincided with the recovery in broader market and benchmark indices today. 

TAC Infosec made its stock market debut on NSE Emerge in April last year. Its shares listed at a premium of 173.6% on the issue price of INR 106, while the stock opened at INR 290 on the NSE’s small and medium enterprises platform.

Since its listing, the company has given a return of over 290% as of its previous close. 

Founded in 2016, TAC Infosec is one of the early innovators of cyber scoring. Its first product was launched in 2018 to help chief information security officers and CEOs of companies quantify and understand the risk of cyber threats. 

Last month, the company announced its plans to acquire Rhodes-based Web3 security firm CyberScope to expand its global footprint in the Web3 security space. The acquisition is expected to add $1.2 Mn in revenue to TAC Security’s growth strategy, as per a company’s exchange filing. 

In January, the company expanded its overseas operations by setting up its UK-based step-down subsidiary, VULMAN Ltd, to offer its cybersecurity solution in the UK and Europe.

The UK subsidiary is the latest addition to the company’s geographical expansion, after acquiring US-based cybersecurity firm Cyber Sandia for $25,000 in August last year. 

In 2024, Tac Security also partnered with Google as an authorised assessor for the Mobile Application Security Assessment (MASA) programme.