Sunil Hitech slips by nearly 7%

India Infoline News Service | Mumbai | April 12, 2017 11:37 IST

Sunil Hitech Engineers Limited slips into the negative territory in the morning hours of trading on Wednesday after opening nearly flat at Rs 14.8 per share.

Sunil Hitech Engineers Limited slips into the negative territory in the first hour of trading on Wednesday after opening nearly flat at Rs 14.8 per share.
 
The stock performing in line with the major indices in the market touched its intraday low of Rs 13.6 per share, lower by nearly 7%. The stock is trading at Rs 14 per share as of 1136 hours. There is strong selling pressure seen in the stock.
 
The traded volume of the stock stands at 17,38,578 shares which sum to the Rs 2.44 cr.
 
The Nifty and Sensex are showing weakness in the Wednesday’s trading session. Nifty is trading lower by nearly 50 points at 9189 level. As per the market experts, the level of 9170 is considered as the strong support level for the Nifty. 
 
Stock View:
 
Sunil Hitech Engineers Ltd is currently trading at Rs 13.94, down by Rs 0.67 or 4.59% from its previous closing of Rs 14.61 on the BSE.
 
The scrip opened at Rs 14.5 and has touched a high and low of Rs 14.77 and Rs 13.65 respectively. So far 3083985(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 552.26 crore.
 
The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 23.43 on 20-Oct-2016 and a 52 week low of Rs 7.75 on 24-Jun-2016. Last one week high and low of the scrip stood at Rs 15.4 and Rs 11.82 respectively.
 
The promoters holding in the company stood at 35.37 % while Institutions and Non-Institutions held 0.19 % and 64.44 % respectively.
 
The stock is currently trading above its 200 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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