Surana Solar spurted 9.99% to Rs 58.35 at 11:20 IST on BSE after Rakesh Jhunjhunwala bought 2.56 lakh shares at an average price of Rs 53.74 per share in a bulk deal on NSE yesterday, 9 June 2015.
Meanwhile, the S&P BSE Sensex was up 230.60 points or 0.87% at 26,711.85.
On BSE, so far 3.75 lakh shares were traded in the counter as against average daily volume of 61,786 shares in the past one quarter.
The stock hit a high of Rs 63.10 and a low of Rs 57.15 so far during the day. The stock had hit a record high of Rs 83.80 on 12 February 2015. The stock had hit a 52-week low of Rs 11.50 on 10 June 2014.
The stock had underperformed the market over the past one month till 9 June 2015, sliding 11.88% compared with Sensex's 2.3% fall. The scrip had also underperformed the market in past one quarter, declining 21.12% as against Sensex's 8.19% fall.
The small-cap company has equity capital of Rs 24.60 crore. Face value per share is Rs 5.
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Surana Solar's net profit jumped 496.6% to Rs 1.73 crore on 23.2% decline in net sales to Rs 25.38 crore in Q4 March 2015 over Q4 March 2014.
Surana Solar, formerly Surana Ventures, is an India-based solar company. The company is engaged in manufacturing solar energy systems with the focus on solar photovoltaic (SPV) modules.
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