Shares of Security Intelligence Services (SIS) vaulted 9 per cent to Rs 465 on the BSE in Tuesday s intra-day session after the company on Monday, post market hours, announced a share buyback offer worth Rs 100 crore.
The company in an exchange filing on February 15, 2021, said that it would buyback 18,18,181 equity shares, representing 1.24 per cent of the total paid-up equity capital as on March 31, 2020.
The firm has set the buyback price at Rs 550 per share which is 29 per cent higher than its previous close of Rs 426.15.
The Board of Directors noted the intention of the promoters and members of the promoter group of the company to participate in the proposed buyback.
Info Edge Shares Fall 5% Even As CLSA Raises Target Price moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
A continued increase in in-home consumption and demand for packaged food along with festive season is likely to have driven the growth for fast-moving consumer goods (FMCG) maker Nestle India during the December 2020 quarter, according to analysts, who see a nearly 10-13 per cent growth in revenue on a yearly basis. However, on a sequential basis, the sales growth is likely to be flat or may dip marginally between 1-2 per cent, they believe. Gross margins are likely to expand, led mainly by lower-cost inventory of milk which in turn is likely to drive the operating margins for the FMCG major. The profit for the period is expected to grow between 16-19 per cent on a yearly basis but could contract by 6 per cent sequentially.
Here are the top stocks to track in today s session:
Vodafone Idea: Thedebt-ridden telecom company reported narrowing of consolidated loss to Rs 4,532.1 crore in the third quarter ended on December 31, 2020, mainly on account of a one-time gain from stake sale in Indus Towers.
Tata Motors: The company, on Friday, said it has appointed Marc Llistosella as its Chief Executive Officer and Managing Director. He is the former President and CEO of Fuso Truck and Bus Corporation and Head of Daimler Trucks in Asia.
Q3 earnings: Jet Airways, Archana Software, Vantage Knowledge Academy and Hindustan Everest Tools are among 23 companies set to post quarterly numbers.
Read more about ITC dips 3% as investors book profit post December quarter results on Business Standard. With today s decline, the stock of ITC has slipped 8 per cent from its 52-week high level of Rs 239