Surya Roshni gains 5% after bagging order worth Rs 91 crore

Shares of Surya Roshni surged over 5 per cent in Tuesday's trading session after the company received an order worth Rs 91.27 crore.

Surya Roshni, in a filing, said the company has received orders worth Rs 91.27 crore for the supply of API- SL 3LPE Coated Line pipes from Bharat Gas Resources Limited. The contract is for domestic purposes and the order is to be executed in 12 months, the company added.

Following the update, the scrip hit a day’s high of Rs 394.9 on BSE. At 11:15 am, it was trading at Rs 384.9, around 2.48 per cent above its previous close of Rs 375.6.

The stock has given a three-year return of 81.77 per cent as compared to a 46.36 per cent rise seen in the Nifty Smallcap 100.

Promoters held a 62.96 per cent stake while DIIs held a 1.24 per cent stake in the company as of 30 June 2022.

Surya Roshni is a smallcap company with a market cap of Rs 2,090.12 crore.