Surya Roshni gains 7% on bagging Rs 170-crore order

New Delhi: Shares of Surya Roshni jumped as much as 7 per cent during the early trade on Tuesday after the company bagged a multi-million rupees order from Indradhanush Gas Grid.

The company received an order of Rs 170.52 crore for coated line pipes for gas grid pipeline project from Indradhanush Gas Grid (IGGL).

Shares of Surya Roshni soared 7 per cent to Rs 514.25 on Tuesday, but gave up some gains to trade at Rs 502.85 at 10.00 am. BSE Sensex was trading 154.3 points or 0.29 per cent lower at 52,174.21 at the same time. The counter had settled at Rs 481.75 on Monday.

The company has posted net profit of Rs.58.54 crore for the period ended March 31, 2021 as against net profit of Rs.29.80 crore for the period ended March 31, 2020.

The counter has delivered over 450 per cent return in the last one year, scaling a new 52-week high of Rs 514.25 on Tuesday from Rs 93 in June 2020. The counter has gained up to 60 per cent in the last six months.

The company has reported total income of Rs.1,723.31 crore during the period ended March 31, 2021 as compared to Rs.1,339.49 crores during the period ended March 31, 2020.