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SIS announces share buyback worth up to Rs 120 cr
SIS Limited, a prominent security and facility management firm, has announced its fifth share buyback program, aiming to repurchase shares worth up to Rs 120 crore. This move, priced at a 10% premium to its recent closing price, will bring the total capital returned to shareholders since 2017 to approximately Rs 720 crore.
Buyback alert! This security solutions stock rallied 12% on buyback update. Do you own?
Security solutions provider SIS saw its shares surge over 12% on Wednesday, reaching a 52-week high. This rally follows the announcement that the board will meet on June 29 to consider a share buyback proposal. The company, which offers security, facility management, and cash logistics, reported strong financial growth in FY26, with revenue up over 21% and operating profit by 24%
Krystal Integrated Services bags ₹24 crore Maharashtra Sadan facility management order
Shares of Krystal Integrated Services Ltd ended at ₹575.25, down by ₹2.75, or 0.48%, on the BSE.
Listed brokers, exchanges rake in profits even as war clouds linger
India's listed brokers and exchanges reported robust March quarter earnings, driven by a surge in Margin Trading Facility (MTF) and a favorable base effect. Increased market volatility, strong commodity trading, and elevated VIX levels also boosted volumes. Brokers are diversifying income streams beyond core broking, evolving into 'pseudo-NBFCs' with offerings like wealth management and insurance.
Krystal Integrated Services wins ₹364 crore healthcare facility management contract in Tamil Nadu
Shares of Krystal Integrated Services Ltd ended at ₹566.30, down by ₹18.40, or 3.15%, on the BSE.