Suraj Stainless rose 5% to Rs 337.50 at10:45 IST on its plans to consider bonus issue. The scrip had touched a highof Rs 337.50 and a low of Rs 333.20 during the day so far.On BSE, 13,322 shares were traded on the counter. The scrip clocked anaverage daily volume of 15,571 shares on BSE in the past one quarter. TheSuraj Stainless share price had declined from Rs 292.95 on 5 June 2007 to Rs276.30 on 7 June 2007. It rose since then to touch a high of Rs 321.45 on 19June 2007.The company announced after market hours on Tuesday, 19 June 2007, that itwould consider issue of bonus shares in a board meeting on 26 June 2007.Suraj Stainless had announced on 25 May 2007 that the company hadsuccessfully installed and commissioned the new piercing mill to manufactureof stainless steel mother hollow, from stainless steel round bar, which isthe raw material for its seamless steel plant. This will help the company infaster delivery of its product by not depending much on imports.The company's net profit surged 112.28% to Rs 3.63 crore in Q4 March 2007 asagainst Rs 1.71 crore in Q4 March 2006. Sales jumped 145.07% to Rs80.70crore in Q4 March 2007 as against Rs32.93 crore in Q4 March 2006.Net profit soared 248.95% to Rs 9.98 crore in the year ended March 2007 (FY2007) as against Rs 2.86 crore in the previous year ended March 2006 (FY2006). Sales jumped 99.55% to Rs 232.57 crore in FY 2007 as against Rs116.55 crore in FY 2006.Suraj Stainless is a government of India recognised export house and is amanufacturer and exporter of stainless steel seamless and welded pipes,tubes and U tubes.