SIS soars after 360 One MF and, Abu Dhabi Investment buy stake

01 Aug 2024

SIS soars after 360 One MF and, Abu Dhabi Investment buy stake

As per the bulk deal data on the BSE, 360 One Mutual Fund A/C - 360 One Focused Equity Fund bought 29,84,055 shares (2.07%) at Rs 415 per share. Abu Dhabi Investment Authority Stable bought 21,95,631 shares (1.52%) at Rs 415 per share.

On the other hand, American Funds Insurance Series Global Small Capitalization Fund sold 1,044,696 shares (0.72%) at Rs 415.02 per share. Smallcap World Fund Inc sold 51,81,419 shares (3.59%) at Rs 415.02 per share.

As on June 2024, Smallcap World Fund Inc held 53,00,194 shares, or 3.68% stake in the company.

SIS holds the top position in both security solutions and facility management sectors in India, and is the second-largest player in cash logistics. The company has also established itself as the largest security solutions provider in Australia.

On a consolidated basis, net profit of SIS declined 28.25% to Rs 64.22 crore on 5.14% rise in net sales to Rs 3129.86 crore in Q1 June 2024 over Q1 June 2023.

Top Blogs

blog-article-image-one

Share Market

Top Small Finance Bank Stocks in India

9 mins read . Oct 30, 2024

blog-article-image-one

Insights

blog-article-image-one

Insights

Long Unwinding Meaning

12 mins read . Oct 28, 2024