Share India Securities hits record high on earnings boost

Share India Securities

26/10/2023 09:33

** Share India Securities'  SCAC.NS  stock rises as much as
4.36% to a record 1,517.90 rupees apiece, before paring some of
the gains
    ** Financial services company posts 57% Y/Y jump in
consolidated September-quarter profit; revenue from operations
up 52.5%
    ** SCAC also approves amalgamation of Silverleaf Capital
Services with itself
    ** Co declares interim dividend of 3 rupees per share for
fiscal 2024; sets record date for dividend payment at Nov. 23,
2023
    ** Trading volume is 568,261 shares as of 1:54 p.m. IST,
nearly five times the 30-day avg - LSEG data
    ** SCAC up ~20% YTD

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))