Sunil Hitech Engineers rose 2.27% to Rs 238.75 at 13:50 IST after the company received an order worth Rs 488 crore from Maharashtra State Power Generation Company.
The announcement was made during trading hours on Wednesday, 6 January 2010.
The stock hit a high of Rs 241, which is also its 52-week high. It hit a low of Rs 234 so far during the day. The stock had hit a 52-week low of Rs 49.25 on 12 March 2009.
The small-cap engineering company has an equity capital of Rs 12.28 crore. Face value per share is Rs 10.
The current price of Rs 238.75 discounts the company's Q2 September 2009, annualised EPS of Rs 41.04, by a PE multiple of 5.81.
The order involves supply of power gears except main equipment for a 250 megawatt project.
Sunil Hitech Engineers' net profit soared 83.4% to Rs 12.60 crore on a 53.2% rise in sales to Rs 200.92 crore in Q2 September 2009 over Q2 September 2008.
Sunil Hitech specializes in fabrication, erection, testing & commissioning of thermal power plants, both in the private as well as the public sector.
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