SIS rallies over 8% as board to consider buyback of shares

New Delhi: Shares of SIS zoomed by 8.3 per cent in Monday’s early trade as the company board is scheduled to meet this week to consider the buyback of equity shares.

The company informed BSE that the meeting of the Board of Directors of the company is scheduled on 29 June 2022, inter alia, to consider and approve the proposal for the buyback of the equity shares of the company as well as matters related to incidental thereto.

The scrip traded at Rs 459 around 2.54 per cent above its previous close of Rs. 447.65. The stock hit day's high of 485.


The stock has given a 3-year negative return of 2 per cent as compared to the Nifty Midcap 100 which gave a return of 49.9 per cent.

SIS, incorporated in the year 1985, is a midcap company (having a market cap of Rs 6,749.14 crore) operating in the services sector.