216 per cent returns: Board to announce Interim Dividend and Bonus Shares; FIIs increased stake!
Shares of this company have gained more than 32.23 per cent in the last one year.
Surya Roshni Ltd informed that a Board Meeting of the Company is scheduled to be held on Thursday, 14th November, 2024, to consider and approve the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended 30th September, 2024. Also, to consider declaration of interim dividend to the equity shareholders.
The company will also consider the proposal for issue of bonus Shares to the equity shareholders of the company in the ratio, as it may deem fit by way of capitalization of reserves, subject to the Shareholders approval.
DSIJ offers a service 'Pop Future Swing Trading" with recommendations for stock future swing trading tips based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
The interim dividend, if declared, shall be paid to the equity shareholders of the Company whose names appear on the Register of Members of the Company or in the records of the Depositories as beneficial owners of the shares as on Monday, 25th November, 2024 which is the Record Date fixed for this purpose.
Surya Roshni Limited has delivered multibagger returns to its shareholders in the last two years. During this period, shares of Surya Roshni Limited surged from Rs 215 on November 07, 2022, to Rs 688 on November 07, 2024, an increase of about 216 per cent in a two-year holding period.
Furthermore, in Q2FY25, the company posted robust Quarterly Results. The revenue of the company stood at Rs 1893 crore which increased by 0.96 per cent YoY. The operating profit of the company stood at Rs 151 crore, which increased by 45.19 per cent YoY, while the PAT of the company increased by 55.93 per cent YoY, staying at Rs 92 crore. In Q1FY24, FIIs increased their stake in the company from 4.49 per cent in June 2024 to 4.87 per cent in September 2024.
Surya Roshni Limited was incorporated in 1973 for manufacturing of ERW pipes, sold under the brand name of ‘Prakash-Surya’. In 1985, SRL diversified into lighting products with the manufacturing of general lighting systems (GLS) and fluorescent tube lamps (FTL) sold under the brand name ‘Surya’ and started the production of compact fluorescent lamps (CFLs) in 2007.
The stock has shown tremendous growth and investors should keep a close eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.