SIS operates mainly into four segment areas viz. Security Services – India, Security Services – International, Facility management and Cash Logistics services.
The share price of Security and Intelligence Services (SIS) rallied more than 5 percent to hit a 52-week high of Rs 1,033.90 intraday on January 13.
Axis Direct initiated coverage with a buy call on SIS and a target price of Rs 1,190, implying 21 percent potential upside from current levels.
It cited expanding India security services, increased demand in Australia, strong foot prints of facility management services, growing need for cash logistics services and robust infrastructure and superior technology driven process.
SIS is a leading security services company in India and Australia, with leadership positions in cash logistics and facility-management services.
The SIS group has expanded its footprint across India and also has a widespread network in Australia and Singapore.Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.