Buy Sunil High Tech Engineers Ltd

BSE Code: 532711

CMP: Rs.203

Sunil High Tech Engineers Ltd is a wonderful high end Engieering company. Like Vijay Shanti Builders Ltd it has good order position of more than Rs.1300 Cr. The interesting fact is that more than half of the FY08 order book has been full, giving high visibility to the Company's Earnings for FY09. The company has bagged a high value order of Rs.649.22 crore in the first quarter of the financial year 2008-2009.

The company came out with bumper set of numbers for the Q1FY09. The scrip has given a breakout at Rs.202.5 today and could be moving to Rs.225 and upon breaking Rs.232 could move to Rs.250 and then Rs.275.

A very good high tech engineering company to buy at almost half the price of available only some months back.Like Vijay Shanti Builders Ltd is also expected to give good returns in the days to come.