The stock of Sunil Hitech Engineers has been on a surge since the EPC company bagged four extensive road construction projects in Maharashtra and Jharkhand on April 6, 2017.
The company won orders involving construction, rehabilitation and upgradation of two and four lane roads, in both the states, worth a cumulative amount of Rs 935.91 crore on an EPC basis.
The project in Maharashtra, under the public works department, is estimated to be worth Rs 134.45 crore, while, the project in the state of Jharkhand worth Rs 235.90 crore, has been sanctioned by the National Highway Authority of India (NHAI) on an EPC basis.
Additionally, the public works department has awarded two other orders worth Rs 308.16 crore and Rs 257.40 crore to the EPC company for the upgradation of various road stretches in Maharashtra.
The stock has been rising since the announcement of the orders, whereas, as on April 10, 2017 at 10:32 hrs, Sunil Hitech Engineers traded at Rs 14.34 on BSE, up by 8.84%.