Surya Roshni strengthens on entering into partnership with Snapdeal

14 Jan 2016 Evaluate

Surya Roshni is currently trading at Rs. 157.00, up by 2.90 points or 1.88% from its previous closing of Rs. 154.10 on the BSE.

The scrip opened at Rs. 150.00 and has touched a high and low of Rs. 157.00 and Rs. 147.50 respectively. So far 61,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.40 on 06-Jan-2016 and a 52 week low of Rs. 101.55 on 14-Jan-2015.

Last one week high and low of the scrip stood at Rs. 174.90 and Rs. 145.90 respectively. The current market cap of the company is Rs. 688.00 crore.

The promoters holding in the company stood at 63.32% while Institutions and Non-Institutions held 0.16% and 36.52% respectively.

Surya Roshni has entered into a partnership with the Snapdeal for sale of company's eco-friendly and energy saving LED bulbs on the E-commerce website from January 2016. This alliance reflects the thrust the group places on ‘social causes’ production and sale of environment friendly products being one of them. 

This tie-up initiates a disruptive trend in energy conservation by making LED bulbs affordable and within reach of millions of people in tier 2 and 3 areas who otherwise would have found LED bulbs inaccessible and unaffordable.

Surya Roshni (SRL), incorporated in 1973 is into the business of manufacturing electric resistance welded (ERW) steel pipes & lighting products, with facilities at Bahadurgarh (Haryana), Kashipur (Uttarakhand) and Malanpur (Madhya Pradesh).


Surya Roshni Share Price

565.00 -3.55 (-0.62%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Grasim Industries 2597.55
DCM Shriram 1251.65
Birla Corporation 1102.45
Surya Roshni 565.00
3M India 30706.75
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