Sunil Hitech Engineers gained 1.64% to Rs 67.95 at 11:29 IST on BSE, after the company scheduled a board meeting to consider and discuss the issue of convertible warrants to promoters and promoter group and non promoters.
The company made the announcement after trading hours on Friday, 21 March 2014.
Meanwhile, the BSE Sensex was up 11.79 points, or 0.05% to 21,765.54
On BSE, so far 2,465 shares were traded in the counter as against an average daily volume of 9,278 shares in the past one quarter.
The stock hit a high of Rs 67.95 and a low of Rs 65.80 so far during the day. The stock had hit a 52-week high of Rs 70.80 on Friday, 21 March 2014 and a 52-week low of Rs 35.20 on 7 August 2013.
The small-cap stock had outperformed the market over the past one month till 21 March 2014, rising 25.3% as compared to the Sensex's return of 5.09%. It had also outperformed the market in the past one quarter, gaining 22.32% as compared to the Sensex's 3.2% rise.
The company has an equity capital of Rs 12.28 crore. Face value per share is Rs 10.
Sunil Hitech Engineers after market hours on Friday, 21 March 2014 said that a meeting of its board of directors will be held on Monday, 24 March 2014, to consider and discuss the issue of convertible warrants to promoters and promoter group and non promoters.
Promoters owned 53.21% stake in Sunil Hitech Engineers (as per the shareholding pattern as on 31 December 2013).
Sunil Hitech Engineers reported 54.6% rise in net profit to Rs 6.26 crore on 5% rise in net sales to Rs 362.09 crore in Q3 December 2013 over Q3 December 2012.
Powered by Capital Market - Live News
