This micro-cap engineering company receives order worth Rs 3,54,00,000 from BS Steel Traders LLP!

The stock is up by over 25 per cent from its 52-week low of Rs 116.5 per share.

Sunita Tools Limited informed that the company has received the contract for procurement of spares of EN 19 Rounds (From diameter 90mm to diameter 140mm), SAE 4140 Rounds (From diameter 25mm to diameter 90mm) and C 45 Rounds (From diameter 90 mm to diameter 140mm) totalling to approx. Rs 3,54,00,000 (including tax). The order is a will be delivered by November 2024.

Incorporated in 1988, Sunita Tools Limited manufactures mold base and machining parts for automotive, pharmaceutical, electronics, consumer goods, and manufacturing sectors.

Talking about the financials, Sunita Tools has a market cap of Rs 80 crore. In its annual results, the net sales increased by 58.5 per cent to Rs 13.84 crore, operating profit increased by 129.7 per cent to Rs 5.10 crore and net profit increased by 317.2 per cent to Rs 3.38 crore in FY23 compared to FY22.

On Friday, shares of Sunita Tools Ltd surged 1.88 per cent to Rs 141.1 per share with an intraday high of Rs 146 and an intraday low of Rs 136. Rajesh Kumar Singla purchased 30,000 shares of the company on October 27, 2023, at a price of Rs 143.5 per share, for a total of Rs 43.05 lakh in a bulk deal. 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 is up by over 25 per cent from its 52-week low of Rs 116.5 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.