This smallcap stock is up 8%, has zoomed 67% in one month; here's why

On January 1, Surya Roshni had said that it's lighting and consumer durable business is debt free i.e. completely borrowing free segment as on December 31, 2023.

Shares of Surya Roshni hit a new high of Rs 839, as they rallied nearly 8 per cent on the BSE in Wednesday’s intra-day trade in  an otherwise subdued market. The stock surpassed its previous high of Rs 838.20 touched on January 1, 2024.

At 12:56 PM; the stock was up 6 per cent at Rs 825. In past one month, the stock price of Surya Roshni has zoomed 67 per cent, as against less than 2 per cent gain in the benchmark index.

On January 1, Surya Roshni announced that the company's Lighting and Consumer Durable business