Sunita Tools Ltd receives order

Sunita Tools Limited ("the Company") has received 100% advance payment pursuant to an Interim Sales Agreement for the supply of NATO specification and standard 155mm M107 artillery shells prototype consignment.

Under the said agreement, the Company is required to supply the prototype NATO standard shells as the first lot, against which the advance payment has been received.

This development marks an important step in the execution of the Company's defence manufacturing initiatives and reflects continued progress in the supply process under the agreement. The Company remains committed to strengthening its position in the defence manufacturing sector and will keep stakeholders informed of further material developments.

Shares of Sunita Tools Limited was last trading in BSE at Rs. 1024.00 as compared to the previous close of Rs. 975.25. The total number of shares traded during the day was 44125 in over 145 trades.

The stock hit an intraday high of Rs. 1024.00 and intraday low of 1010.00. The net turnover during the day was Rs. 45148506.00.

Source : Equity Bulls

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