Suraj Industries shares soar, but Sensex has risen

The stock of Suraj Industries has returned 3,378% of its shareholders in the last six months. The penny stock, which was at Rs 2.14 on June 2, 2021, rose to an all-time high of Rs 74.45 on the BSE today. An amount of 1 lakh invested in the Suraj Industries stock six months ago would have turned into Rs 34.78 lakh today. Sensex has risen 12.5% during the period.

The stock has gained 175.2% in the last 21 sessions. The stock opened at Rs 74.45 on the BSE with a gain of 4.93%.

The firm's market cap rose to Rs 64.40 crore. On the BSE, there were 150 shares of the firm that changed hands, a turnover of Rs 0.11 lakh.

This penny stock turned into a multibagger in 2.5 years, ranging from 35 to 150.

Suraj Industries share is higher than 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The stock has gained 162% in a single month.

Five promoters held 59.19% of the company's shares or 43.08 lakh shares and 15,512 public shareholders had 50.19% stake or 43.41 lakh shares of the company for the quarter ended September 2021.

At the end of September, 32 lakh or 23.50% of the stake was held.

In the last quarter, 14 shareholders had a share capital above 2 lakh. One financial institution held 100 shares in the firm.

The firm's stock is not in line with the long-term financial performance. The firm suffered losses in seven quarters before the quarter ended March 2021, the firm said.

The firm logged a profit of 0.82 crore in September 2021 against a loss of 0.08 crore in the corresponding quarter of the previous fiscal year.

In Q2 sales were in the range of 14.96 crore against 0.39 crore in the September quarter of the previous fiscal year.

The firm has a strong earnings performance on an annual basis.

Agro Tech Foods Ltd's share of Ruchi Soya has fallen 1.31% in the past six months, while Ruchi Soya's share has lost 14%. The share of Gokul Agro Resources has climbed 59% during the period.

The stock of Manorama Industries Ltd has gone up 24.4% in the last six months.

Suraj Industries is involved in the production of edible oil. The firm offers edible oil and vanaspati ghee under the brand Aangan and Apna.