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Suraj spurts as promoter group hikes stake in the company

20 Nov 2013 Evaluate

Suraj is currently trading at Rs. 24.50, up by 1.15 points or 4.93% from its previous closing of Rs. 23.35 on the BSE.

The scrip opened at Rs. 24.50 and has touched a high and low of Rs. 24.50 and Rs. 22.20 respectively. So far 905478 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 64.00 on 28-May-2013 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. 23.35 and Rs. 19.60 respectively. The current market cap of the company is Rs. 47.20 crore.

The promoters holding in the company stood at 70.41% while Institutions and Non-Institutions held 29.59% of the stake.

Suraj’s promoter Group has acquired 8, 26,000 Equity shares of the company. After acquisition share holding of promoter Group is 74.7% of total shareholding.

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.

Peers
Company Name CMP
JSW Steel 1255.00
Tata Steel 184.65
Steel Authority 181.60
Jindal Stainless 746.95
APL Apollo Tubes 2181.05
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