India, Feb. 25 -- Shares of cybersecurity company TAC Infosec, which are listed on the NSE Emerge platform, plunged as much as 16% during intraday today to Rs.372.6 apiece. At 15:18 IST, the shares recovered and were trading at INR 410 apiece, down 7.5% from its previous close of INR 443.35. By this time, TAC's market capitalisation stood at Rs. 862.18 Cr.

Notably, the shares of the company have been consistently nosediving since last week. The company closed its trading session at Rs.599.95 on February 16 (Monday). Since then, the share price has crashed around 31%.

The share crash is largely driven by AI related pressure experienced in the cybersecurity space. Shares of cybersecurity giant Quick Heal Technologies also slumped nearly 4...