112.59% Up In 1 Yr! Small Stock Bags Orders From Two Maharatna PSUs, Announced 1:2 Stock Split

Surya Roshni Limited, a small-cap capital goods company, on Friday, Aug 11, informed the stock exchange that it has received two orders for a combined Rs 171.16 crore (including GST) from two Maharatna Status Oil and Gas PSU companies, namely BPCL and HPCL.

This total order of Rs 171.16 Crore includes worth Rs 163 crore (including GST) order from BPCL for the CGD Project encompassing all of India and worth Rs 8.16 Crore (including GST) from HPCL for the supply of 3LPE Coated Line Pipe, also for CGD Project for the West Bengal.

The order from BPCL is to be completed in 16 weeks, while the order from HPCL is to be completed in 12 weeks, the company said in the filing.

"the Company has obtained orders amounted to n 71.16 crore (with GST) including one order oH163.00 crore (with GST) from BPCL for CGD Project on Pan India basis and other order oH8.16 crore (with GST) from HPCL for supply of 3LPE Coated Line Pipe also for CGD Project for West Bengal," the company's Board said in a filing to stock exchanges.

Other than the orders, the Board of Directors of Surya Roshni Limited On Friday, Aug 11, also announced a stock split in the ratio of 1:2. The record date will be announced later.

The rational behind this Stock Split is to enhance the liquidity in the capital market to widen the shareholder base behind the and to make the shares more affordable to small investors.

Sub-division of existing 1 (one) equity share of face value Rs 10/-each of the Company into 2(two) equity shares of face value of Rs 5/-each held as on the record date (to be notified later), subject to the approval of the shareholders of the Company.

The stock declined 4.54% in the last 1 week, while gained 22.49% in the last 6 months. In 1 year, it gave 112.595 multibagger returns. In 3 and 5 years, it has given 373.18% and 125.75% positive returns, respectively.

The stock's 52-week high is Rs 934.75 per share and its 52-week low is Rs 336.05 per share, respectively. The current market capitalization of the stock is Rs 4,276.27 Crore.

Disclaimer- The stock just highlights the Orders & Stock Split and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.