Sunil Hitech Engineers surges after stock-split plan

Sunil Hitech Engineers jumped 6.71% to Rs 190.15 at 09:32 IST on BSE after the company scheduled a meeting of the board of directors on 10 August 2016, to consider 10-for-1 stock split.

The announcement was made after trading hours yesterday, 25 July 2016.

Meanwhile, the BSE Sensex was up 29.32 points, or 0.1%, to 28,124.66

On BSE, so far 48,123 shares were traded in the counter, compared with an average volume of 22,226 shares in the past one quarter. The stock hit a high of Rs 191.90 and a low of Rs 180 so far during the day. The stock hit a 52-week high of Rs 352 on 5 August 2015. The stock hit a 52-week low of Rs 155 on 24 June 2016.

The small-cap company has an equity capital of Rs 17.33 crore. Face value per share is Rs 10.

Sunil Hitech Engineers' net profit rose 12.2% to Rs 13.73 crore on 6.8% fall in net sales to Rs 505.58 crore in Q4 March 2016 over Q4 March 2015.

Sunil Hitech Engineers is an engineering, procurement & construction (EPC) company.

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