SIS shares jump to 52-week high after proposal for fifth share buyback since 2021

Shares of SIS Ltd. gained up to 12% to hit a fresh 52-week high on Wednesday, June 24, after the company said its board will meet next week to consider a buyback proposal.

SIS informed the exchanges on Tuesday that its board of directors will meet on June 29, 2026 to consider, and if deemed fit, approve the proposal for buyback of equity shares of the firm.

This will be the company's fifth buyback in the last five years. Prior to this, SIS has conducted buyback of shares in April 2021, August 2022, December 2023 and June 2025.

The first three buybacks carried out by SIS were worth ₹100 crore, ₹80 crore and ₹90 crore respectively, and all of them were carried out at a price of ₹550 per share.

For the 2025 buyback, SIS repurchased shares worth ₹150 crore and the differentiator this time was the fact that the buyback price was different, at ₹404 per share.

SIS On The Growth Path

In an interaction with CNBC-TV18 last month, SIS CEO Dhiraj Singh said the company is expecting its 15-20% growth run rate to continue even as it moves into the next phase of expansion.

Singh said the past year market a recovery and going forward the focus would be on building on that momentum, supported by regulatory changes like labour code reforms and a growing base of long-term contracts.

The company closed the financial year 2026 with its highest ever revenue and EBITDA. Its profit after for the March quarter increased 28%, while revenue was up 31% at ₹4,489.3 crore.

The company's EBITDA increased 25.6% in the fourth quarter to ₹207 crore from the previous year.

SIS shares gained 12% to hit an intraday and 52-week high of ₹480.95 apiece on Wednesday. This is its biggest single-day gain since May 4, when it had risen 13%. Prior to this, it had reported its biggest single-day gain on May 6, 2019, when it had risen 14.2%.

The stock was up 6.1% at ₹455.5 apiece at 11.30 am. It has gained 17% in the past month and 37.4% this year, so far.

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