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Surya Roshni Share Price Hits 52-Wk Low; Trades Ex-bonus Today

Updated on: Jan 1, 2025, 2:06 PM IST
Surya Roshni's share price hits a 52-week low as it trades ex-bonus today. The share had risen by more than 5% yesterday.
Surya Roshni Share Price Hits 52-Wk Low; Trades Ex-bonus Today
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Surya Roshni’s share price traded 1.4% lower at ₹292.90 at 11:20 AM on the BSE. Earlier in the day, the stock hit a 52-week low of ₹233.53 after opening at ₹303. The share had gained more than 5% yesterday, ahead of the January 1, 2025, record date for the 1:1 bonus issue.

Surya Roshni Bonus Issue History

Surya Roshni has a notable history of bonus issues, with the most recent one being announced on November 14, 2024. The company declared a 1:1 bonus issue, meaning shareholders will receive 1 bonus share for every share they hold, with the ex-date set for January 1, 2025.

Previously, on October 3, 1994, Surya Roshni issued a 3:4 bonus, where shareholders received three bonus shares for every 4 shares they held. These bonus issues demonstrate the company’s commitment to rewarding its shareholders and enhancing shareholder value over time.

Q2 FY25 Financial Highlights

In Q2FY25, Surya Roshni reported a significant decline in both net profit and revenue compared to Q2FY24. The company’s consolidated net profit dropped by 55% to ₹34 crore, while its net sales fell by 20% to ₹1,529 crore.

The decline in profit was attributed to lower demand in the steel pipes segment, particularly due to a sharp drop in Hot Rolled steel prices, as well as continued price erosion in the lighting and consumer durables segment.

About Surya Roshni

Surya Roshni Limited, founded in 1973, is one of India’s largest and most diversified companies, specialising in steel pipes, lighting solutions, and consumer durables. Surya Roshni operates in over 50 countries globally. The company has a strong presence in the lighting industry, is recognised for its energy-efficient LED products, and is committed to quality, innovation, and sustainability.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 1, 2025, 11:29 AM IST

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