Surya Roshni surges 25% in 8 days after winning orders worth Rs 287 crore

In the past three months, the stock has zoomed 104 per cent, against 14 per cent rise in the S&P BSE Sensex

Shares of Surya Roshni climbed 6 per cent to a 52-week high of Rs 207.50 on the BSE on Friday. The stock has rallied 25 per cent in eight days after winning orders worth Rs 287 crore from state-owned oil and gas companies.

On September 8, 2020, the company said it received two separate orders worth Rs 287.45 crore from Indian Oil Corporation and Bharat Gas Resources.

The company received an order worth Rs 152.31 crore from Indian Oil Corporation for supplying API grade pipes for LPG pipe line project in Uttar Pradesh. The order is to be