SURYAROSNI makes CFLs, variety of lamps, decorative lighting, fluorescent tubes, pipes.....It has reported excellent numbers with over 30% rise in net profit. Currently, the stock is trading at Rs.113.45. The promoters have made an open offer at Rs 111 per share to increase their stake in the company as they have less than 30% stake.
It seems that promoters have a lot of faith in the company's future and hence they are wanting full control over the company. The company's outlook is very promising and they are expecting to double sales by next year. It looks like that any price below Rs.111 is a excellent investment for 6-8 months possibly a 100% return.
If anyone has an opinion on this please let me know. I have not invested in this stock yet. I am thinking of doing so....
It seems that promoters have a lot of faith in the company's future and hence they are wanting full control over the company. The company's outlook is very promising and they are expecting to double sales by next year. It looks like that any price below Rs.111 is a excellent investment for 6-8 months possibly a 100% return.
If anyone has an opinion on this please let me know. I have not invested in this stock yet. I am thinking of doing so....