New Delhi [India], May 14: Shares of Surya Roshni Ltd have witnessed a sharp rally in recent trading sessions amid market speculation that the company may be planning a demerger of its business operations into two separate entities.
According to sources familiar with the development, the proposed restructuring could involve separating the company's lighting business and steel pipe business into independent business units. While there has been no official confirmation from the company so far, the buzz surrounding the possible demerger has triggered strong investor interest in the stock.
The market reaction has been significant, with the company's share price climbing from around Rs 200 to Rs 253 within a short span of time, reflecting growing optimism among investors regarding potential value unlocking through the proposed restructuring.
Investors will now closely watch for any official announcement or clarification from the company.
We tried to contact the company for a comment, but no one was available to respond.
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