Iron & Steel Stock Hit Upper Circuit After Recording Highest Ever Volume of 43,488 MT in FY25
The company has a market cap of Rs 149.42 crore and the stock is up by 14 per cent from its 52-week low of Rs 102.10 per share.
Surani Steel Tubes Ltd has achieved a record-breaking sales volume of 43,488 metric tons (MT) in the financial year 2024-25. This marks a significant milestone for the company, representing its highest ever volume. The impressive figure showcases a substantial 60% increase compared to the previous financial year's 27,212 MT. This growth highlights the company's strong market position and effective strategies.
The company attributes this exceptional performance to a combination of factors, including successful expansion into new markets and enhanced production capabilities. These initiatives have allowed Surani Steel Tubes Ltd. to capitalize on rising market demand and solidify its commitment to delivering high-quality products. The substantial increase in sales volume reflects the company's operational efficiency and strategic vision, positioning it for continued success.
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About the Company
Surani Steel Tubes Limited is a leading manufacturer and supplier of premium ERW pipes and steel tubes. Founded in July 2012, the company leverages decades of industry expertise to deliver exceptional products and services. Our team of seasoned steel professionals is committed to establishing Surani Steel as a premier provider to a diverse range of industrial sectors. Surani operates through a state-of-the-art manufacturing facility located in Dahegam, Gujarat. The Company caters to a diverse range of industries such as Infrastructure, Engineering, Heavy vehicles, Energy and Construction.
On Thursday, shares of Surani Steel Tubes Ltd hit a 5 per cent upper circuit to Rs 116.40 per share from its previous closing of Rs 110.90 per share. The stock’s 52-week high is Rs 543.95 per share and its 52-week low is Rs 102.10 per share. The company has a market cap of Rs 149.42 crore and the stock is up by 14 per cent from its 52-week low of Rs 102.10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.