This Engineering Company Is Into Business Expansion And Entering Into Defence Aerospace and Weapons Manufacturing
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 188 per share.
Sunita Tools Limited, a prominent engineering company, is embarking on a strategic expansion into the lucrative Defence, Aerospace, and Weapons Manufacturing sector. To achieve this, the company has acquired a majority 55 per cent stake in Tripathi Aerotech and Weapons Manufacturing Pvt Ltd, a company with a strong track record in the industry. This strategic move will allow Sunita Tools Limited to diversify its product portfolio and tap into the vast domestic and international market for defence and aerospace components.
The acquisition of Tripathi Aerotech and Weapons Manufacturing Pvt Ltd, in collaboration with Shigna Industrial Corporation, is a significant step forward for Sunita Tools Limited. This partnership will enable the company to leverage its 36 years of technical expertise and the acquired company's manufacturing capabilities to produce a wide range of products, including gun parts, defence components, and artillery shell cases. The combined entity will be well-positioned to meet the growing demand for these products in both the Indian and global markets.
Sunita Tools Limited's expansion into the defence and aerospace sector is expected to have a positive impact on its overall profitability. The company's other subsidiary manufacturing companies will also benefit from this strategic move, as they can leverage the new capabilities and market access to further strengthen their positions. By capitalizing on the synergies between the acquired company and its existing operations, Sunita Tools Limited aims to become a leading player in the defence and aerospace industry.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Sunita Tools Limited, a seasoned player in the Engineering and Mould Base Industry, has been delivering exceptional customized solutions for over 36 years. Our core competencies lie in the precision manufacturing of Ground Plates, Mould Bases, and CNC Machined components. Recognizing the evolving needs of the industry, we have also ventured into the Aerospace sector. Our products are integral to a wide range of industries, including Automotive, Pharmaceutical, Electronics, Consumer Goods, and Aerospace.
Strategically located in Vasai, Mumbai, our manufacturing facility enjoys several advantages. Situated in a well-developed industrial area, we benefit from easy access to resources and streamlined logistics. Our robust infrastructure and skilled workforce enable us to deliver high-quality products efficiently. We pride ourselves on our commitment to customer satisfaction, offering expert guidance and comprehensive after-sales support.
The company has a market cap of over Rs 300 crore. The company's promoters own 72.98 per cent of the shares, while the remaining 27.02 per cent are owned by the public. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 188 per share. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.