Sunita Tools surges on acquiring second factory building in Faridabad
Sunita Tools is currently trading at Rs. 854.70, up by 13.20 points or 1.57% from its previous closing of Rs. 841.50 on the BSE.
The scrip opened at Rs. 864.00 and has touched a high and low of Rs. 864.00 and Rs. 831.05 respectively. So far 7125 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 1063.80 on 25-Mar-2025 and a 52 week low of Rs. 527.10 on 02-Dec-2024.
Last one week high and low of the scrip stood at Rs. 864.00 and Rs. 773.30 respectively. The current market cap of the company is Rs. 526.30 crore.
The promoters holding in the company stood at 67.18%, while Institutions and Non-Institutions held 0.10% and 32.72% respectively.
Sunita Tools has acquired a second factory building on rent in Faridabad for its planned expansion initiative. The facility will house Line 2 for the manufacturing of Artillery Shells, and the company has already taken possession of the premises. Installation of critical machinery and equipment will commence shortly. The commencement of commercial production on Line 2 is planned for October 2026, or earlier, subject to timely delivery of the three critical hydraulic presses being supplied by the vendor.
This expansion marks a significant milestone in the company’s Defence manufacturing roadmap and is expected to enhance production capacity and strengthen its position in the sector.
Sunita Tools manufactures mold base and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing Sectors.
