Multibagger from 52-week low: This small-cap iron and steel company receives massive order from Indraprastha Gas!

Shares of this company gained over 60 per cent in the last six months.

Surya Roshni Limited informed in the exchange filing that the company has received various orders from its customer. The company has received a supply order of 3LPE-coated carbon steel pipes from Indraprastha Gas Limited for city gas distribution projects in the NCT of Delhi. The order is worth Rs 43.69 crore. The is to be executed in 11.5 months. 

The company has also received two more orders from Indian Oil Corporation Limited and Maharashtra Natural Gas Limited for the supply of 3LPE-coated carbon steel line pipes to IGL, API pipes to Indian Oil and GI pipes to Maharashtra natural gas Limited. The total is worth Rs 62.23 crore. 

Surya Roshni is India’s one of largest ERW Pipes exporters, the largest GI Pipes producer, and the second largest in the lighting segment. The company also focuses on developing value-added products. 

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On Friday, the stock opened at Rs 800.05, with a high and low of Rs 817.20 and Rs 800.05. The stock closed trading at Rs 806.90, up by 1.27 per cent.   

The stock has a 52-week high of Rs 857 and a 52-week low of Rs 336.05. The company has a ROCE of 22.8 per cent and an ROE of 19.7 per cent, with a market capitalisation of Rs 4,390 crore.