The order is to be executed within 15 months.Surya Roshni on Monday announced that it has obtained order amounted to Rs 299.07 crore for supplying 3LPE external coated carbon steel line pipes to Numaligarh Refinery for Paradip Numaligarh Crude Oil Pipeline Project (PNCPL) in Odisha.
Shares of Surya Roshni were down 7.93% at Rs 355.05 on BSE. Meanwhile, the BSE Sensex slumped 1634 points or 3.3% to 47,957.24 amid broad based sell off.
Surya Roshni manufactures cold rolled steel strips, pipes and tubes, in addition to lamps and other lighting accessories. On a consolidated basis, the company s net profit jumped 79% to Rs 55.62 crore on a 12.9% rise in net sales to Rs 1578.17 crore in Q3 FY21 over Q3 FY20.
Surya Roshni around Diwali when this stock was available for about Rs 200. Now he has set a target of Rs 420.
IRB Infra is one of your picks. What kind of money can investors make in this one?
IRB Infra is the largest private toll highway road developers, having assets of more than Rs 51,000 crore. It owns two InVITs as well. It is part of the national corridor projects. The central government has been focusing on developing highways and working on the Bharatmala project.
Companies like IRB Infra will really benefit from these projects. Also FASTag becoming mandatory has helped the company as manpower requirement has been reduced and toll collection has increased. The future of IRB Infra is really great. It has not participated in the recent rally and so there is a opportunity at the current price level. The target set here is around Rs 140 and stop loss is at Rs 100.
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SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACDBy
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The list included HBL Power Systems, Snowman Logistics, Zuari Agro Chemicals, Newgen Software Tech, Muthoot Finance and Dishman Carbogen. These stocks gained up to 14 per cent intraday so far.
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Read more about Surya Roshni shares rise 7% on rating upgrades, stable outlook on Business Standard. CARE Ratings upgraded ratings of the company s short-term bank facilities and commercial paper with reaffirmation of long term bank facilities