Suraj is currently trading at Rs. 80.00, up by 5.85 points or 7.89% from its previous closing of Rs. 74.15 on the BSE.
The scrip opened at Rs. 78.00 and has touched a high and low of Rs. 81.40 and Rs. 77.00 respectively. So far 40,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.40 on 10-Oct-2014 and a 52 week low of Rs. 13.85 on 05-Nov-2013.
Last one week high and low of the scrip stood at Rs. 81.40 and Rs. 50.00 respectively. The current market cap of the company is Rs. 154.00 crore.
The promoters holding in the company stood at 74.70% while Non-Institutions held 25.30% respectively.
Suraj has acquired land at village Chandarda, Mehsana district in state of Gujarat admeasuring 400,000 square meters which is almost clear from agriculture to non agriculture and company is starting service center and production facility including extrusion press for stainless steel long heater tube for power, oil and gas plant sectors.
The company is also developing precision stainless steel tube manufacturing facility at its existing plant located at Thol village, Mehsana in Gujarat, with bright annealing quality concept and it will be started in November 2014 approximately.
Suraj Stainless, a Suraj Group company, was founded by Tarachand Balaji Shah in 1960. Suraj Group established has spearheaded the mini-revolution with the aim to be one of the market leaders in the country.
