Sunil Hitech firms up on bagging orders

DALAL STREET SPIKES

Sunil Hitech Engineers rose 3.40 per cent to close at Rs 196 after winning three orders worth Rs 649.2 crore, taking its order book to Rs 1374.7 crore. The orders bagged by the company in the first quarter amounts to 64.2 per cent of the order book position ending March 2008.

After opening the day 6.6 per cent higher at Rs 202, the stock made an intraday high of Rs 225 and a low of Rs 186. There was fair bit of action in the counter, with trading volumes of 2,18,709 shares, more than 13 times the two-week average.