Surya Roshni glows after new order win

Surya Roshni jumped 4.44% to Rs 488 at 15:18 IST on BSE after the company said that it has obtained orders for supply of LED lights from Energy Efficiency Services.

The announcement was made during market hours today, 9 February 2018.

Meanwhile, the S&P BSE Sensex was down 398.66 points, or 1.16%, to 34,014.50. The S&P BSE Small-Cap index was up 43.69 points, or 0.24%, to 18,174.88.

On the BSE, 3.87 lakh shares were traded in the counter so far, compared with average daily volume of 65,321 shares in the past one quarter. The stock had hit a high of Rs 522.35 so far during the day, which is a record high. The stock had hit a low of Rs 450.10 so far during the day. The stock had hit a 52-week low of Rs 181 on 10 March 2017.

The stock had outperformed the market over the past 30 days till 8 February 2018, rising 12.09% compared with 0.06% fall in the Sensex. The scrip also outperformed the market in past one quarter, gaining 26.64% as against Sensex's 3.3% rise. The scrip also outperformed the market in past one year, surging 148.08% as against Sensex's 21.47% rise.

The small-cap company has equity capital of Rs 54.41 crore. Face value per share is Rs 10.

Surya Roshni said that it has obtained orders for supply of LED Street Lights under SLNP (Street light National Program) and for supply of LED Tube Lights aggregating to Rs 83.86 crores from Energy Efficiency Services (EESL). The order is for design, manufacture, testing and supply of LED Street Lights and LED Tube Lights.

Surya Roshni's net profit rose 41.4% to Rs 18.52 crore on 19.6% rise in net sales to Rs 885.33 crore in Q2 September 2017 over Q2 September 2016.

Surya Roshni manufactures steel pipe products for agriculture, infrastructure, oil & gas and construction sectors. The company is also engaged in segments such as fans and home appliances.

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