Surya Roshni surges 14% on healthy business outlook

As the company's major sales comes from rural, semi urban & exports; Going forward, the management expects home appliances and pipe segments to perform well back by various government initiatives.

Shares of Surya Roshni surged 14 per cent to Rs 433.35 on the BSE in Friday’s intra-day trade on the back of heavy volumes. The buying at the counter is attributed to the healthy business outlook for pipes and home appliances segment.

At 09:54 am, the stock traded 12 per cent higher at Rs 426.35, as compared to 0.77 per cent rise in the S&P BSE Sensex. The average trading volumes on the counter more-than-doubled with a combined around 810,000 equity shares changing hands on the NSE and BSE.

However, in the past one year, Surya Roshni has