2:1 Stock Split: Back-To-Back Order Win For This Metal Stock, Shares Gain 99% In 1-Yr

Small cap metal & ferrous sector stock Surya Roshni shares gained 4.31% intraday today after the company informed via its BSE filing about its back-to-back order wins. Last trading price of Surya Roshni stock on BSE is Rs 638.35 apiece. Surya Roshni shares declined 17% in last 2-weeks and offered return of 99% in last 1-year. Check details below:

Surya Roshni Bags 2 Consecutive Orders: As per the BSE filing of the company issued on Feb 13, 2024, "it is hereby informed that the Company has obtained orders in aggregate amounted to U14.46 crore (with GST) during this week including an order of Rs 94.75 crore (with GST) received today for supply of MS Coated pipes (Spiral welded) from domestic undertakings to be completed / executed within specified time as per the terms and conditions specified in the respective order. An Order amounted to Rs 119.71 crore (with GST) is already intimated to the exchanges yesterday."

Surya Roshni Shares Performance & Return: The 52-week high price of Surya Roshni shares on BSE is Rs 841.50 apiece and 52-week low price is Rs 301.40 apiece, respectively. The company has a market capitalisation of Rs 6,996.99 crore. Surya Roshni shares tanked 19% year-to-date, gave return of 27% in last 3-months, soared 64% in last 6-months, and offered return of 178% in last 2-years. In last 3-years, Surya Roshni shares jumped 272% and surged 529% in last 5-years. Surya Roshni stock rallied 1785% in last 10-years.

Surya Roshni Ltd Stock Split In 2023: Surya Roshni Ltd had last split the face value of its shares from Rs 10 to Rs 5 in 2023.The share has been quoting on an ex-split basis from October 6, 2023.

Surya Roshni Quarterly Results: The company on February 8, 2024 declared a muted growth in consolidated net profit at Rs 90.10 crore for the quarter ended December 2023 amid sluggish demand. It declared its consolidated net profit at Rs 89.66 crore for the October-December period an year ago, as per its BSE filing. The revenue from operations witnessed a decline of 4.13% to Rs 1,937.80 crore for quarter under consideration as against Rs 2,021.28 crore in the similar quarter of last year.

"The company reported a slight dip in revenue on account of slow down of demand of high value-added products in steel pipes business and flattish growth in lighting and consumer durables segment," said Surya Roshni. Total expenses of the company arrived at Rs 1,820.52 crore, down 4.15% in the December quarter. Its total income for the December quarter came at Rs 1,941.56 crore, down 3.98%. Revenue from steel pipe and strips declared at Rs 1,535.70 crore, down 5.52%.

About The Company: Surya Roshni started in 1973 with making Steel Tubes, and has grown by leaps and bounds to become one of the largest Steel Pipes and Lighting companies in India. With sales of INR 7,997 crores in FY 2021-22, Surya Roshni is one of the largest conglomerates in India, with exports to over 50 countries around the world.

Disclaimer:

The stock just highlights the orders win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.