Rs 2.5/Sh Dividend: Metal Stock Sets Aug 23 As Record Date, Buy For TP Rs 677.6: SBI Securities

Small cap metal & ferrous sector stock Surya Roshni shares jumped 10.64% on August 9 on BSE to settle at Rs 614.05 per share. The company on August 9 fixed August 23, 2024 as the record date for final dividend. Surya Roshni Ltd shares offered return of 51% in last 1-year and gained 232% in last 2-years. The company will hold its annual general meeting (AGM) on September 4, 2024. Check key details below:

Surya Roshni Sets Record Date For Final Dividend: As per the BSE filing of Surya Roshni issued as on August 9, 2024, "Board of Directors of the Company in their meeting held today i.e. 9 August, 2024, inter- alia, has approved the following:

I. Fixed Friday, 23rd August, 2024 as the Record Date for the purpose of determining entitlement of the Members for payment of Final Dividend of Rs. 2.50 per share for the Financial Year 2023-24.

11. Fifty First (51 st) Annual General Meeting (AGM) of the members of the Company will be held on Wednesday, 4th September, 2024 at 12.00 Noon through Video Conferencing ("VC")/ Other Audio- Visual Means ("OA VM"). Any further information in this connection will be submitted with the exchanges in due course."

SBI Securities Recommends Buy: SBI Securities has assigned buy call to Surya Roshni shares for a target price of Rs 677.6 and for a target period of three months.

Surya Roshni Shares Performance: The 52-week high price of Surya Roshni Ltd shares on BSE is Rs 841.50 per share (as on 11/01/2024) and 52-week low price is Rs 364.33 per share (as on 14/08/2023), respectively. The company has a market capitalisation of Rs 6681.97 crore. Surya Roshni shares rallied 2.47% in last 1-week, slipped 23% year-to-date, offered return of 113% in last 2-years, and gained 593% in last 5-years.

About: Surya Roshni started in 1973 with making Steel Tubes, and has grown by leaps and bounds to become one of the largest Steel Pipes and Lighting companies in India. With sales of INR 7,997 crores in FY 2021-22, Surya Roshni is one of the largest conglomerates in India, with exports to over 50 countries around the world.

Disclaimer: The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.