As the trading session commenced on 18th Nov, Sunil Hitech share price dipped 10 per cent. The scrip opened at Rs. 217.45 as compared to its previous closing at Rs. 241.60. Today, the price ban has been reduced from 20% to 10% The stock continues to be in the selling circuit. Till now, around 43,722 shares are traded on the counter with a traded value of Rs. 95.07 lacs, as per NSE. The Average Daily Movement of the stock is 21.96 and its average volume for last 20 days is988210.

Sunil Hitech share price touched its 52 week high value at Rs. 469.00 on 20th Oct, ’16 whereas the 52 week low value is seen at Rs. 151.30 on 24th June ’16. The company has a market cap amounting to Rs.458.44 (Cr) and has a book value of Rs. 246.52.

The company disclosed a net profit at Rs 14.84 crore for Q2FY17. The company operating in the service sector had clocked a net profit of Rs 10.62 crore in the corresponding quarter of the last financial year. Total income from operations amounted to Rs 497.46 crore against Rs 415.77 crore in the same quarter of previous fiscal.

This small cap company was incorporated in the year 1998. It’s key Products/Revenue Segments include Income from Project Mgt. & Process Eqpt. which contributed Rs. 1826.33 Cr to Sales Value (99.93 per cent of Total Sales), Other Operating Revenue which contributed Rs 1.01 Cr to Sales Value (0.05 per cent of Total Sales), Scrap which contributed Rs 0.17 Cr to Sales Value (0.00 per cent of Total Sales), for the year ended on 31st Mar 2016.

Sunil Hitech is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE. Sunil Hitech is fundamentally strong and is safe for investment, as per Dynamic analysts.In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Sunil Hitech share price history.

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