SURYAROSNI.NSE Surya Roshni Ltd.

Traders are advised to hold longs with trailing stoploss of 18,500 in Nifty on the closing basis.

The momentum is expected to take the index up to 19,000 mark in the coming days, with immediate support at 18,800, then 18,700-18,500 area, experts said

The firm reported a 9 percent decline in its March quarter earnings while net profit doubled to Rs 155.54 crore from Rs 82.48 crore a year ago. EBITDA advanced 76% to Rs 212 crore

Surya Roshni has broken out on the daily chart to close at highest level since October 2021. It has been forming bullish higher top higher bottom formation on the daily chart.

The order is to be executed within 8.5 months.