Surya Roshni gains after securing order

Surya Roshni rose 1.76% to Rs 176.15 at 14:38 IST on BSE after the company said it has secured order worth Rs 27.60 crore from Energy Efficiency Services, a joint venture company of public sector undertakings.

The announcement was made during market hours today, 19 August 2016.

Meanwhile, the S&P BSE Sensex was down 52.99 points or 0.19% at 28,070.45.

On BSE, so far 92,000 shares were traded in the counter as against average daily volume of 65,604 shares in the past one quarter. The stock hit a high of Rs 179.10 and a low of Rs 174 so far during the day. The stock had hit a 52-week high of Rs 183.80 on 28 June 2016. The stock had hit a 52-week low of Rs 104.90 on 25 August 2015. The stock had outperformed the market over the past one month till 18 August 2016, surging 6.82% compared with 1.36% rise in the Sensex. The scrip had also outperformed the market in past one quarter, advancing 13.36% as against Sensex's 9.41% rise.

The small-cap company has equity capital of Rs 43.83 crore. Face value per share is Rs 10.

The latest contract secured by Surya Roshni from a domestic public sector undertaking (PSU) for the supply of LED tube lights and other related works is to be executed in 5 months.

Surya Roshni's net profit rose 27.2% to Rs 20.93 crore on 7.6% growth in net sales to Rs 845.44 crore in Q4 March 2016 over Q4 March 2015.

Surya Roshni has divisions viz. manufacturing lighting, steel, fans, PVC pipes and appliances.

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