Penny Stock: Surana Telecom and Power Ltd shares are in constant focus these days. The company’s stock hit an upper circuit of 5% on Tuesday and the stock reached an intraday high of Rs 23.32. Earlier on Monday, its closing price was Rs 22.21. The current market cap of the company is Rs 316.59 crore. Let us tell you that the company’s shares have given a multibagger return of more than 100 percent in just 1 year. The 52-week high price of the company’s shares is Rs 30.48 and the 52-week low price is Rs 9.52.
The government also has a stake
According to the shareholding pattern of the company, promoters hold a significant stake of 71.07 per cent. Public investors hold 28.74 per cent shares, while FIIs and DIIs hold 0.05 per cent and 0.04 per cent stake respectively. Apart from this, the government holds 0.09 per cent stake in the company. That is, the government holds 1,17,800 shares of the company. According to the quarterly results, Surana Telecom and Power recorded a revenue of Rs 4.38 crore in Q1 FY25 as compared to Rs 7 crore. Operating profit stood at Rs 1.63 crore. Net profit stood at Rs 1.81 crore as compared to a profit of Rs 1.70 crore.
Also read: This stock will go to ₹ 31, betting now can make huge profits, experts are positive
company business
Incorporated in 1984, Surana Telecom and Power Limited is active in the manufacturing and trading of solar-related products as well as the production of solar and wind energy. The company is part of the Surana Group. It initially manufactured petrochemical products such as petroleum jelly and telecommunication products including jointing kits. STPL later expanded into the telecommunications sector, producing jelly-filled telephone cables and entered the power sector.
