Kedia holds a 14.6% stake in the company, one of only three stocks in his portfolio where his holding is above 10%. The other two are Atul Auto and Innovators Facade Systems, in which he owns 20.9% and 10.7% respectively.
CyberScope’s Nasdaq push
Tac Infosec, in a press release, said its wholly owned subsidiary, CyberScope Web3 Security Inc., incorporated in the Cayman Islands, has approved filing a confidential Draft Registration Statement with the U.S. Securities and Exchange Commission for a proposed Nasdaq Capital Market IPO.“This is a truly historic milestone, not only for TAC InfoSec but also for India’s wider technology and cybersecurity landscape. By embarking on the path towards a Nasdaq listing, CyberScope is taking a bold step that elevates its vision and innovation to the global arena,” said Trishneet Arora, Founder and CEO of TAC Security.
Market performance
The Tac Infosec stock, listed on the NSE in April 2024, has gained 7% over the last month and 57% over the past year.From a technical perspective, the stock is trading above five of its eight key simple moving averages (5-day to 50-day), suggesting short-term strength, while lagging its 100-day, 150-day, and 200-day SMAs, indicating longer-term weakness. The Relative Strength Index stands at 53.3, while the MACD remains below the centre line.Kedia, one of India’s most closely tracked investors, began investing at 19 and set up Kedia Securities in 1992. His publicly disclosed portfolio, according to Trendlyne, spans 14 companies with a combined market value of over Rs 1,228.1 crore.Also read | Vijay Kedia exits Tata stock after making multibagger returns in 5 years
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