TAC Infosec Shares Soar 5% During Intraday

Shares of SaaS cybersecurity startup TAC Infosec surged as much as 5% to INR 1,279 apiece during the intraday trade on the NSE today (February 13).

The stock last closed at INR 1,218.10 per share on the NSE, as of February 12. The company’s shares have lost 9.7% in the last three trading sessions alone.

The market capitalisation of TAC Infosec currently stands at INR 1,340.34 Cr.

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. 

It offers risk-based vulnerability management and assessment solutions and other SaaS cybersecurity solutions to enterprises and small businesses.

To note, TAC Infosec set up its UK-based step-down subsidiary, VULMAN Ltd, to offer its cybersecurity solution in the UK and Europe, while its shares also traded at its highest ever value of INR 1,697 apiece, on January 24, even as the session ended in red then.

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 2024. 

The Vijay Kedia-backed startup  made a stellar debut on NSE Emerge on April 5, 2024, with its shares listing 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 300% as of its previous close.