Stock Market Tips: Today, the pipe-making giant registered a strong rally even in the weak market sentiment. BSE Sensex has lost almost half a percent but on the other hand, Surya Roshni shares have gained more than 7 percent on BSE. It had reached a 14-month high in intra-day. It has doubled investors’ capital in 6 months and experts are seeing a further bullish trend
SURYA ROSHNI is the country’s largest manufacturer and exporter of Electric Resistance Welded (ERW) Pipes and ERW GI (Galvanized Iron) Pipes. It is one of the largest lighting companies in the country.
Stock Market Tips: Shares of pipe-making giant Surya Roshni today saw a strong rise even in weak market sentiment. BSE Sensex has weakened by almost half a percent today, but on the other hand, the shares of Surya Roshni closed at Rs 694.75 (Surya Roshni) with a gain of 7.08 percent on BSE. However, it jumped 10 percent to hit a high of Rs 711.35 in intra-day, which is a 14-month record high. This is the highest price since October 2021. On October 4, 2021, it was at a record price of Rs.868.
Surya Roshni today hit a 14-month high, but according to experts, it may jump another 9 percent. In the December 2023 quarter, the company’s consolidated net profit more than doubled to Rs 90 crore on an annual basis. However, the revenue remained at only Rs 2021 crore as compared to Rs 2030 crore in the same period.
Investment doubled in 6 months
Surya Roshni is the largest exporter of Electric Resistance Welded (ERW) Pipes and the largest manufacturer and exporter of ERW GI (Galvanised Iron) Pipes in the country. It is one of the largest lighting companies in the country. In the last six months, it has given an impressive return of 101% to the investors, which means it has doubled the capital of the investors. At the same time, the Sensex has strengthened by only one and a half percent.
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