Security software company Quick Heal Tecnologies, which is part of superstar investor Ramesh Damani's portfolio, has been giving out mixed signals in technicals. While the MACD is bearish, the MFI is trending green, and the stock has seen some demand today with 66,758 shares having traded hands in the session.
The company has been trending downward since it reported its results. The results in Q3 were strong after a series of reversals post GST and demonetization - net revenue grew by 18% YoY to INR 64 crore, helped by 19% growth in new license sales. Enterprise business (23% of overall revenue Q3FY18) grew by a strong 37%, while the consumer security business grew by 7%. Analysts such as Edelweiss are bullish on the firm, raising the BUY target call for the company citing rising license sales.