{"id":146965,"date":"2025-04-03T12:11:36","date_gmt":"2025-04-03T06:41:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=146965"},"modified":"2025-04-03T12:11:39","modified_gmt":"2025-04-03T06:41:39","slug":"steel-stock-hits-5-upper-circuit-after-sales-increase-by-60-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/steel-stock-hits-5-upper-circuit-after-sales-increase-by-60-yoy\/","title":{"rendered":"Steel stock hits 5% upper circuit after sales increase by 60% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3156995649\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>During Thursday&#8217;s trading session, the price of a micro-cap steel company specialized in manufacturing premium ERW pipes and steel tubes surged up to 5 percent after Reporting a 60 percent increase in their sales volume.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1664808932\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price movement<\/strong><\/h2><p>With a market capitalization of Rs.142.36 crores, at 11.21 p.m., the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/SURANI\" target=\"_blank\" rel=\"noreferrer noopener\">Surani Steel Tubes<\/a><\/strong> hit a 5 percent upper circuit at Rs. 116.40 on NSE, against its previous closing price of Rs. 111.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What\u2019s the News<\/strong><\/h2><p>The Company has announced to the stock exchange a substantial increase in its sales volume for the financial year 2024-25. The Company\u2019s sales quantity surged to 43,488 MT, reflecting a 60 percent growth compared to 27,212 MT in the previous financial year.&nbsp;<\/p><p>With this staggering performance, the indicators show the Company\u2019s strong market demand, operational efficiency, and commitment to delivering high-quality products for its clients.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-976039847\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management comments:<\/strong><\/h2><p>The management of the company said: <em>\u201cWe are delighted with the impressive growth in our sales volume, which is a testament to our strategic initiatives and the trust our customers place in our products. This milestone reinforces our commitment to innovation, efficiency, and sustainable growth. Moving forward, we aim to build on this momentum and continue delivering value to our stakeholders.\u201d<\/em><\/p><p>The Company remains focused on further strengthening its market position through continued investment in technology, infrastructure &amp; product development The surge in sales shows that the company is attributed to expansion into new markets and enhanced production.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company:<\/strong><\/h2><p>Surani Steel Limited founded in July 2012 is a leading manufacturer and supplier of steel specializing in&nbsp; ERW pipes and steel tubes. With decades of exposure and expertise in the steel industry. The company\u2019s team is committed to establishing Surani Steel as a premier provider to a diverse range of industrial sectors. Surani Steel operates through a state-of-the-art manufacturing facility located in Dahegam, Gujrat. The Company caters to a diverse range of industries such as Infrastructure, Engineering, Heavy vehicles, Energy, and Construction.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials<\/strong><\/h2><p>The company&#8217;s revenue from operations has grown by\u00a0 70.7percent from the revenue of\u00a0Rs.65 crores in Sep\u201923 to Rs.111 crores in Sep\u201924.the company also has shown an increase in profits from a loss of 1 crore in Sep \u201923 to a profit of Rs.1 crore in Sep\u201924. The Return on equity (ROE) of the company stands at 2.92 percent\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Written by:- Likesh Babu S<\/p>\n\n<p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p>\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div>\n\n<p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-52521985\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>During Thursday&#8217;s trading session, the price of a micro-cap steel company specialized in manufacturing premium ERW pipes and steel tubes surged up to 5 percent after Reporting a 60 percent increase in their sales volume. Price movement With a market capitalization of Rs.142.36 crores, at 11.21 p.m., the shares of Surani Steel Tubes hit a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":40460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[25051,948,936,3157,2597,27789,27790,27792,27791],"class_list":["post-146965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-steel-stock-news","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-stocks-to-watch","tag-surani-steel-tubes","tag-surani-steel-tubes-latest-news","tag-surani-steel-tubes-news","tag-surani-steel-tubes-stock-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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