surya roshini share climb 94 percent from 52 week low expert gives buy rating after big order came from govt company

0
17
surya roshini share climb 94 percent from 52 week low expert gives buy rating after big order came from govt company

read on the app

During the last 6 months, Surya Roshni has made its positional investors rich by giving a return of 63.60 percent. In this 6 months, the share price of the company has increased from the level of Rs.378.65 to the level of Rs.619.50. Shares of Surya Roshni had reached a 52-week low of Rs 323 on August 16, 2022. Since then, the company’s shares have seen a jump of 94.73 percent. Let us inform, the 52 week high of the company is Rs.629. The company’s stock reached this level on January 19, 2023.

In the last one year, the share price of Suryo Roshni has increased by 19.50 percent. While the Nifty 50 has seen a jump of 17.46 percent during this period. At the same time, the company’s shares have seen a jump of 26.40 percent so far this month. Let us tell you, during the last 5 years, the shares of the company have been successful in making a gain of 227 percent.

This stock is on the upper circuit continuously since January 13, investors’ money doubled in 22 days

Recently the company got a big order

In the information given by the company on January 19, it has been said that they have received an order of Rs 123.95 crore from Indian Oil. The order has been placed for the supply of API-SL Coated Pipes and Bare Pipes in Tamil Nadu. According to the report of CNBC TV18, the company has also received an order of Rs 23.35 crore from GAIL India. Let us tell you that Surya Roshni is a small cap company. And its market cap is Rs 3,370 crore.

Experts are giving buying advice

According to the report of brokerage IDBI Capital, the share price of the company can go up to the level of Rs 760. Earlier the brokerage firm had set a target price of Rs 567. Experts have advised to buy this stock. Let us tell you, during the December quarter, the net profit of the company has been Rs 89.66 crore. Whereas in the December quarter of the last financial year, the net profit of the company was Rs 40.49 crore. That is, year after year, there has been a double increase in the net profit.

This company will give 150 percent dividend to investors, record date declared

LEAVE A REPLY

Please enter your comment!
Please enter your name here