Surya Roshni rallies 5%, nears record high ahead of Q4 results

The stock was trading close to its record high level of Rs 522 touched on February 9, 2018

Shares of Surya Roshni moved higher by 5 per cent to Rs 510.90 on the BSE in the intra-day trade on Tuesday ahead of its January-March quarter (Q4FY21) results, slated to be released later in the day. The stock of the company, engaged in steel pipes and strips, lighting, and consumer durables business, was trading close to its record high level of Rs 522 touched on February 9, 2018.

For October-December quarter (Q3FY21), Surya Roshni had posted an 80 per cent year on year (YoY) jump in profit after tax at Rs 56 crore due to increasing share of