Surya Roshni lightens up after new order win

Surya Roshni rose 1% to Rs 320.15 at 13:08 IST on BSE after the company obtained orders worth Rs 48.60 crore for supply of for LED luminaire and LED street lights from Energy Efficiency Services.

The announcement was made after market hours yesterday, 19 September 2017.

Meanwhile, the S&P BSE Sensex was up 3.16 points, or 0.01%, to 32,405.53

On the BSE, 58,000 shares were traded in the counter so far, compared with average daily volume of 60,213 shares in the past one quarter. The stock had hit a high of Rs 327.15 and a low of Rs 319 so far during the day. The stock had hit a record high of Rs 328 on 19 September 2017. The stock had hit a 52-week low of Rs 165.50 on 27 December 2016.

The stock had outperformed the market over the past one month till 19 September 2017, gaining 14.54% compared with 2.78% gains in the Sensex. The scrip had also outperformed the market in past one quarter, rising 5.33% as against Sensex's 3.48% rise. The scrip had also outperformed the market in past one year, surging 52.48% as against Sensex's 13.16% rise.

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

Surya Roshni said that the company has obtained orders through competitive e-bidding for LED luminaire and LED street lights amounted to Rs 48.60 crore for supply of LEDs Luminaire in United Kingdom and under all India SLNP (Street light National Program) for Rajasthan, Telangana and Gujarat from Energy Efficiency Services (EESL).

Surya Roshni's net profit fell 8.99% to Rs 11.74 crore on 16.39% increase in total income to Rs 862.74 crore in Q1 June 2017 over Q1 June 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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