SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Surya Roshni surges on commencing commercial production at Hindupur steel pipe plant

01 Mar 2017 Evaluate

Surya Roshni is currently trading at Rs. 196.20, up by 10.95 points or 5.91% from its previous closing of Rs. 185.25 on the BSE.

The scrip opened at Rs. 189.55 and has touched a high and low of Rs. 198.35 and Rs. 189.55 respectively. So far 41,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 245.70 on 28-Oct-2016 and a 52 week low of Rs. 124.30 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 198.35 and Rs. 184.05 respectively. The current market cap of the company is Rs. 859.97 crore.

The promoters holding in the company stood at 63.32%, while Institutions and Non-Institutions held 4.61% and 32.07% respectively.

Surya Roshni has commenced commercial production at its newly set-up steel pipe plant at Hindupur District, Ananthapuramu in state of Andhra Pradesh for manufacturing of ERW Black and GI Pipes with an installed capacity of 90,000 M.T per annum from March 01, 2017.

With the start of operations at Hindupur Plant, the company will achieve savings in logistic cost and further leveraging its presence in the premium market of South India resulted into creation of a larger and stronger steel pipes business with economies of scale.

Further, being a plant set-up at notified backward area in the State of Andhra Pradesh, company is eligible for deduction under section 32AC & 32AD of the Income Tax Act, 1961.

Surya Roshni 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

239.45 0.85 (0.36%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tata Steel 212.05
JSW Steel 1239.90
SAIL 173.50
Jindal Stainless 787.90
APL Apollo Tubes 2105.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×