On Friday this small-cap stock gains 1% as the company looks to acquire a 100% stake in Silverleaf Capital Services Pvt Ltd. This stock has delivered 25% returns in six months. Currently, shares are trading 10.5% below the 52-week high.
Share India Securities Ltd
Share India Securities Ltd. It has a market capitalization of Rs. 4,275 Cr, making it a small-cap company. On Friday the company shares jumps 1%, at 12:35 p.m., shares were trading 0.2% down at Rs. 1,311 on BSE.
According to the company filing, the board is considering acquiring up to 100% stake in Silverleaf Capital Services Pvt Ltd by way of merger, share purchase or any other permitted modes of acquisition.
Incorporated in 2011, Silverleaf Capital Services Pvt Ltd is a leading capital market player involved in trading activities in the nature of high-frequency trading.
The acquisition is likely to add to Share India Securities’ technology stack, providing an additional product portfolio, aid in diversifying revenue and expedite global expansion, thereby adding value to shareholders.
As per the company filing, total revenue increased by 19.5% from Rs. 233.2 Cr in Q1 FY23 to Rs. 278.7 Cr in Q1 FY24 and net profits, increased by 39% from Rs. 59.18 Cr in Q1 FY23 to Rs. 82.27 Cr in Q1 FY24.
As of June 2023, promoters hold 52.81%, FIIs hold 0.93%, DIIs hold 0.05% and the public hold a 46.21% stake in the company.
Share India Securities Ltd is a stockbroking firm. It offers equities trading, derivatives, commodities and currency trading, and depository services. The company’s operating segments include Share Broking/Trading, Insurance, Merchant Banking, NBFC and Technology Services.
Written by Sheshadri N
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
