Sunil Hitech Engineers gains on new order win

Sunil Hitech Engineers advanced 3.84% to Rs 156.70 at 09:51 IST on BSE, after the company bagged an order from Kanpur Development Authority for the construction and development work of houses in Kanpur.

The company made the announcement after market hours yesterday, 19 February 2015,

Meanwhile, the BSE Sensex was down 267.52 points, or 0.91% to 29,194.75

On BSE, so far 23,753 shares were traded in the counter as against an average daily volume of 25,082 shares in the past one quarter.

The stock hit a high of Rs 160.80 and a low of Rs 156.30 so far during the day. The stock had hit a 52-week high of Rs 193.35 on 17 November 2014 and a 52-week low of Rs 49 on 26 February 2014.

The small-cap stock has an equity capital of Rs 15.28 crore. Face value per share is Rs 10.

Sunil Hitech Engineers said that the company has bagged a Rs 90 crore order from Kanpur Development Authority (KDA) for the construction and development work of houses in two different development areas of Kanpur. The company expects to complete the execution of the work in around 18 months, Sunil Hitech Engineers said.

Sunil Hitech Engineers reported 45.4% rise in net profit to Rs 9.10 crore on 14.9% rise in net sales to Rs 419.03 crore in Q3 December 2014 over Q3 December 2013.

Sunil Hitech Engineers is a construction company focused on infrastructure projects and renewable energy.

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