Valiant Communications touches the roof on receiving order for Cyber Security Defence strategy solutions
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Valiant Communications is currently trading at its upper limit of Rs. 600.25, up by 11.75 points or 2.00% from its previous closing of Rs. 588.50 on the BSE.
The scrip opened at Rs. 589.00 and has touched a high and low of Rs. 600.25 and Rs. 589.00 respectively. So far 2354 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 649.00 on 11-Jun-2024 and a 52 week low of Rs. 155.10 on 30-Jun-2023.
Last one week high and low of the scrip stood at Rs. 612.75 and Rs. 588.50 respectively. The current market cap of the company is Rs. 457.68 crore.
The promoters holding in the company stood at 43.11%, while Institutions and Non-Institutions held 0.44% and 56.45% respectively.
Valiant Communications has received an order for its ‘beyond the firewall’ Cyber Security Defence strategy solutions for deployment in the network of the Oil & Natural Gas Corporation (ONGC), a Government of India Enterprise.
The selected products from Valiant’s Cyber Security Defence strategy solutions shall include equipment that is designed and based on the guidelines of the Government of India on cyber security. The need to detect and act-upon intrusions that result from firewall breaches, or from the presence of trojans which can be planted or inadvertently introduced from within, assist in detecting unlawful and unwarranted activities that may already be taking place within the network, which could potentially open holes for back-door entry from within the existing firewalls, resulting in a cyber?attack or ransomware attacks. The selected products also assist in creating hard isolation zones and create secure perimeters within the IT and OT Systems, in case of cyber-attacks or hostile network intrusions are detected.
The offered solution not only provides seamless scalability, but it is also infrastructure neutral and transparent to existing firewalls, networks and network applications. The use of this solution becomes critical to any organization, by providing ‘Early Warning and Response Systems’ behind the firewalls detection of cyber security incidents and helping mitigation of such cyber threats, safeguarding IT systems using early cyber-attack warning and intrusion detection algorithms with suitable audio?visual alerting mechanisms by detecting cyber?attacks on SCADA and ICS systems and it plays an important role of strengthening the cyber security systems of an organization.
The offered solution not only provides seamless scalability, but it is also infrastructure neutral and transparent to existing firewalls, networks and network applications.
Valiant Communications is an equipment manufacturer of telecom transmission equipment and solutions with installations in many countries, worldwide. Valiant's technological strengths span a wide section of the telecom transmission area including Protection Switching solutions.
