Suraj Products soars as its arm acquires land in UAE
The company has acquired land on long term lease of 50 years for setting up the proposed project
Suraj Products is currently trading at Rs. 290.00, up by 6.60 points or 2.33% from its previous closing of Rs. 283.40 on the BSE.
The scrip opened at Rs. 283.40 and has touched a high and low of Rs. 290.00 and Rs. 282.00 respectively. So far 482 shares were traded on the counter.
The BSE group 'Z' stock of face value Rs. 10 has touched a 52 week high of Rs. 722.00 on 25-Jul-2024 and a 52 week low of Rs. 268.50 on 03-Jul-2025.
Last one week high and low of the scrip stood at Rs. 299.70 and Rs. 280.00 respectively. The current market cap of the company is Rs. 330.54 crore.
The promoters holding in the company stood at 73.70%, while Institutions and Non-Institutions held 0.02% and 26.28% respectively.
Suraj Products’ wholly owned subsidiary -- Suraj Iron & Steel Manufacturers L.L.C. - S.P.C. has acquired 60910.13 sq. meter land at industrial city of AbuDhabi-III (ICAD-III), in UAE, on long term lease of 50 years for setting up the proposed project.
Suraj Products has been engaged in manufacture & trading of Cement product.
