Sunil Hitech Engineers surges on bagging order worth Rs 83 crore

Date: 28-12-2015

Sunil Hitech Engineers is currently trading at Rs. 284.60, up by 5.90 points or 2.12% from its previous closing of Rs. 278.70 on the BSE.

The scrip opened at Rs. 280.30 and has touched a high and low of Rs. 287.80 and Rs. 275.00 respectively. So far 58128 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 352.00 on 05-Aug-2015 and a 52 week low of Rs. 136.25 on 06-Jan-2015.

Last one week high and low of the scrip stood at Rs. 296.50 and Rs. 241.70 respectively. The current market cap of the company is Rs. 475.74 crore.

The promoters holding in the company stood at 55.65 while Institutions and Non-Institutions held 0.18% and 44.16 respectively.

Sunil Hitech Engineers has bagged order worth Rs 83 crore for construction of 2,000 units G+3 (four Storey) Visthapit Awas by Jharia Rehabilitation and Development Authority, Dhanbad, Jharkhand. The project is likely to be executed over a period of 24 months.

Sunil Hitech Engineers is well-established player in EPC and Construction of Road & Bridges, Building works of institutions, hospitals and housing projects, cross country pipeline, civil & mechanical works of power and steel plants etc.