SIS scales record high after blockbuster Q2 result

Security and Intelligence Services (India) jumped 15.4% Rs 1,032 at 12:31 IST on BSE after net profit surged 211.65% to Rs 16.58 crore on 32.51% rise in total income to Rs 523.76 crore in Q2 September 2017 over Q2 September 2016.

The result was announced after market hours yesterday, 22 November 2017.

Meanwhile, the S&P BSE Sensex was up 35.68 points or 0.08% at 33,589.93. The S&P BSE Mid-Cap index was up 51.61 points or 0.31% at 16,837.02.

On the BSE, 41,000 shares were traded on the counter so far as against the average daily volumes of 4,132 shares in the past one quarter. The stock had hit a record high of Rs 1,042 in intraday trade today, 23 November 2017. The stock had hit a low of Rs 930 so far during the day. The stock had hit 52-week low of Rs 708 on 11 August 2017.

The mid-cap company has equity capital of Rs 73.16 crore. Face value per share is Rs 10.

Commenting on the performance, Rituraj Kishore Sinha, Group Managing Director said that all businesses of the SIS group reported strong growth in revenues and profits in Q2 September 2017. The company continues to consolidate and improve on market position across all businesses, Rituraj Kishore Sinha said.

Shares of Security and Intelligence Services (India) (SIS) had debuted on the bourses on 10 August 2017. The stock had settled at Rs 756.70, a discount of 7.15% from initial public offer price of Rs 815 per share on its debut.

The initial public offer (IPO) of SIS had concluded on 2 August 2017. The issue received strong response from investors. It was subscribed 7.07 times. The IPO price band was fixed at Rs 805-815 per share.

SIS is a market leader in the three business segments of Security, Facility management & Cash Logistics services.

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