Sunil Hitech Engineers hits 52-week high on bonus issue approval

Moneycontrol BureauShare price of Sunil Hitech Engineers touched 52-week high of Rs 418.90, gains 10.4 percent intraday Thursday as the company has approved to issue bonus shares.The company at its meeting held on October 11, has approved the issue of bonus shares in the proportion of 1 equity share for every 1 existing share held by the members of the company.The board also approved the issue of 1 crore convertible warrants to the promoters and non-promoters and to increase authorized share capital of the company upto Rs 60 crore.At 09:30 hrs Sunil Hitech Engineers was quoting at Rs 413, up Rs 34.50, or 9.11 percent on the BSE.Posted by Rakesh Patil