MUMBAI (Commodity Online): South India-based gold jewellery maker, Surana Corporation Ltd (BOM:521102) zoomed up on the Bombay Stock Exchange (BSE) accompanying other gold stocks to trade positive on the bourses today.

Meanwhile, MCX gold April contract remained firm at Rs.16,510 per 10 grams. In the spot market too prices remained firm at Rs.16487 per ten grams.

Surana Corporation was locked at Rs.62.90 with gains of 4.92% on the BSE on Thursday, March 11, 2010. The company is engaged in the manufacturing of gold jewellery, including gold medallions and gold ornaments. The company has diversified its activities into wind energy division.



Surana Corporation has surged over 16% in past five trading sessions. The company is believed to benefit due to a proposal to increase the excise rates in the recent union budget.

Other gold stocks including, Rajesh Exports Ltd (BOM:531500), Gitanjali Gems Lt d (BOM:532715) and Renaissance Jewellery Ltd (BOM:532923) posted marginal to moderate gains on the BSE today.

Rajesh Exports gained 2.16% to Rs.106.40 in the afternoon trades on the BSE, while Renaissance Jewellery too, gained over 2% to Rs.75.60. Gitanjali Gems, however, traded at Rs.119.10 with marginal gains today.

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