Sunil Hitech Engineers gains after setting record date for stock-split, bonus issue

Sunil Hitech Engineers rose 2.73% to Rs 171 at 10:15 IST on BSE after the company announced that it has fixed 3 December 2016 as the record date for 10-for-1 stock split and issue of 1:1 bonus shares.

The announcement was made after market hours yesterday, 24 November 2016.

Meanwhile, the S&P BSE Sensex was up 157 points or 0.61% at 26,017.17

On BSE, so far 2.34 lakh shares were traded in the counter as against average daily volume of 3.20 lakh shares in the past one quarter. The stock hit a high of Rs 172.80 and a low of Rs 168.40 so far during the day. The stock had hit a record high of Rs 468.65 on 20 October 2016. The stock had hit a 52-week low of Rs 155 on 24 June 2016. The stock had underperformed the market over the past 30 days till 24 November 2016, sliding 59.85% compared with the 7.10% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.5% as against Sensex's 6.92% decline.

 

The small-cap company has equity capital of Rs 18.90 crore. Face value per share is Rs 10.

Sunil Hitech Engineers' net profit rose 39.74% to Rs 14.84 crore on 19.6% growth in net sales to Rs 496.91 crore in Q2 September 2016 over Q2 September 2015.

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

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