 "Sunil Hitech Engineers gains on fixing record date for stock split, bonus issue")
Sunil Hitech Engineers has locked in upper circuit of 5% at Rs 175 on the BSE after the company has fixed December 3, 2016 as the record date for determining members for stock split and bonus shares.
The board of directors of construction & engineering company at their meeting held on October 11, had announced the issue of bonus shares in the proportion of 1 :1, one share for every one share held.
Earlier, in August 10, the board approved the sub-division of equity shares of the company of face value Rs 10 each into 10 equity shares of face value Re 1 each.
The stock was under pressure, tanked 62% to Rs 167 on Wednesday from Rs 437 on October 25, after the company announced a withdrawal of record date for sub-division of shares on account of pendency of some regulatory approvals.
On November 23, a high net worth individual shareholders include Sunny Porinju Veliyath, Shilpa Porinju Veliyath, Sanju Dennis, Rohit Agrawal and Dipinder Sandhu had bought the shares of Sunil Hitech Engineers through open market.
Till 12:03 pm, a combined 3.68 million shares changed hands and there were pending buy orders for 790,839 shares on the BSE and NSE.
The board of directors of construction & engineering company at their meeting held on October 11, had announced the issue of bonus shares in the proportion of 1 :1, one share for every one share held.
Earlier, in August 10, the board approved the sub-division of equity shares of the company of face value Rs 10 each into 10 equity shares of face value Re 1 each.
The stock was under pressure, tanked 62% to Rs 167 on Wednesday from Rs 437 on October 25, after the company announced a withdrawal of record date for sub-division of shares on account of pendency of some regulatory approvals.
On November 23, a high net worth individual shareholders include Sunny Porinju Veliyath, Shilpa Porinju Veliyath, Sanju Dennis, Rohit Agrawal and Dipinder Sandhu had bought the shares of Sunil Hitech Engineers through open market.
Till 12:03 pm, a combined 3.68 million shares changed hands and there were pending buy orders for 790,839 shares on the BSE and NSE.
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