This share broking and trading company has given multibagger returns of 124% in the last six months!
5paisa Research Team
30th December 2021 - 12:13 pm
Share India Securities Ltd (SIS) was buzzing last week, logging a 20% jump in just one trading session on December 22 and reaching its 52-week high on December 24 at Rs 1112.95.
In 1 month, the stock has risen 32.05%, Rs 100,000 invested would have become Rs 132,050 in just 22 trading sessions wherein the share price jumped from the levels of Rs 797.15 to Rs 1053.45.
In 6-months, the stock has risen 124.47%, Rs 100,000 invested would have become Rs 224,470. Six months back, SIS was trading at Rs 469.30 apiece.
In a year, the stock has risen 530.62%, Rs 100,000 would have become Rs 630,620. A year ago, it was trading at Rs 167.05 apiece.
The recent rally in the shares of SIS has swelled its market capitalization to Rs 3361.20 crore.
Share India Securities is currently engaged in the business of equity broking, investing and trading activities. Along with this, they are also providing the services as a Depository Participant, Research Analyst, Mutual Fund Advisor/Distributor. Currently, the company is providing broking services in the Equity, Currency derivative and Future & Options segment of National Stock Exchange of India Limited and BSE Limited.
SIS acquired a leading stock broking company, Total Securities Limited (TSL) in December 2019 which has proven to be yield significant synergies and growth spurt in prop trading. SIS’s prop trading is the largest contributor (nearly 3/4th) of its revenue.
It is trading at Rs 1065.45 apiece with a gain of 1.1% at 11.36 am today.
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Tanushree Jaiswal
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