Buy SIS, target price Rs 510: IIFL

IIFL has buy call on SIS with a target price of Rs 510. The current market price of SIS is Rs 484.05. Time period given by analyst is Intra Day when SIS Ltd. price can reach defined target.

SIS Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 7096.08 Crore) operating in Services sector.

SIS Ltd. key Products/Revenue Segments include Income from Investigation & Security Services, Other Operating Revenue, Electronic Security Systems and Other Services for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2439.34 Crore, up 2.03 % from last quarter Total Income of Rs 2390.84 Crore and up 9.67 % from last year same quarter Total Income of Rs 2224.33 Crore. Company reported net profit after tax of Rs 69.14 Crore in latest quarter.

Investment Rationale
Stock has given a double bottom breakout on the daily chart

Promoter/FII Holdings
Promoters held 71.62 per cent stake in the company as of 31-Dec-2021, while FIIs owned 15.12 per cent, DIIs 4.43 per cent.