Stock has not been able to generate better return on equity than bank FD
Stock doesn't offer attractive dividend returns
Good time to consider, as stock is not in overbought zone
Stock not in ASM/GSM lists and not a lot of promoter holding is pledged
Surani Steel Tubes Limited is an India-based company that is engaged in the manufacturing and supplying of electric resistance welding (ERW) and mild steel (MS) pipes, and steel tubes. The Company's products include Square & Rectangle Hollow Section, ERW Round Pipes & Tubes, MS Slit Coils & Strips and Hot Roll Coils. Its ERW pipes are primarily used in plumbing, water supply systems and, oil and gas transmission systems. The Company also provides a range of ERW pipes to the commercial, structural and engineering sectors. Its Hot Rolled MS Coils are used in various heavy-duty industries. The Company operates a manufacturing facility at Gujarat.
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In last 6 months, promoter holding in the company has almost stayed constant
Pledged promoter holdings is insignificant