Read on the application
Stock Split: Surya Roshni’s share price saw a huge surge on Wednesday. Shares of the company managed to rise up to 10 percent on Tuesday. On the BSE, the iron and steel product manufacturing company’s intra-day high was Rs. 983 per share. The company also has a new 52-week high. Let us tell you that during the last 6 trading sessions, the share price of the company has increased by 19 percent.
What causes a company’s share price to rise? Surya Rosh share price
On 11 August, Surya Roshni’s board meeting was held, after which the company raised Rs. A share having a face value of 10 was decided to be divided into 5 parts. The face value of the company will be reduced to only Rs.2. Let us tell you that the record date of this stock split is yet to be announced.
How strong is the company’s balance sheet (Surya Roshni Q1 result)
In the June quarter, the company’s EBITDA rose 65 percent year-on-year to Rs. 116 crores. At the same time, the profit was Rs 59 crore, a jump of 116 percent. However, the company’s revenue remained flat during this period. Surya Roshni’s total revenue from April to June 2023 was Rs 1875 crore.
How much stake do the promoters hold in the company?
The promoters of Surya Roshni hold 63.96 percent stake in the company. While 35.95 percent share is held by retail investors. Let us tell you that foreign investors hold a total of 4.87 percent stake in the company.