Share India Securities' share price continued to witness strong buying interest for the second consecutive session, with the stock jumping 12% to hit its 52-week high amid a spurt in volume. Share India shares opened at ₹190.05 against their previous close of ₹189.75 and jumped 11.7% to a 52-week high of ₹212, with volume surging more than 19.47 times. In the previous session, the stock jumped 11%. Thus, in just two consecutive sessions, the stock's overall gains stand at more than 24%.
The stock witnessed a sharp jump after it said on 8 September that the National Company Law Tribunal (NCLT), Ahmedabad Bench - I, on 7 September, approved the scheme of amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited.
In a separate exchange filing on 9 September, the company said it had issued a notice of early redemption to the holders of 5,000 non-convertible debentures (NCDs) of a face value of ₹37,500 each, aggregating to ₹18.75 crore and 4,990 NCDs having a face value of ₹1,00,000 each, aggregating to ₹49.90 crore. The scheduled maturity date of these NCDs was 10 June 2027, while the early redemption date is 30 September 2026.
The company said a meeting of the NCD holders was convened and held on 1 September, at which the requisite consent of the NCD holders was obtained for the early redemption of the NCDs prior to their scheduled maturity date.
Share India Securities' profit after tax (PAT) declined 1.1% year-on-year (YoY) to ₹324 crore in FY26, while PAT margin declined 58 basis points YoY to 22.07%. Total income, however, increased 1.47% YoY to ₹1,470 crore, EBITDA jumped 12.58% YoY to ₹605 crore, while EBITDA margin increased by 406 basis points YoY to 41.18% in FY26, according to the company's annual report.