Introduction:
Defence stock’s subsidiary secured a major LOI to supply 1,00,000 artillery shells annually, expanding into defence manufacturing. The move aligns with its vision to enhance aerospace and defence capabilities, leveraging decades of expertise for global and domestic markets.
Share Price movement of Sunita Tools:
On January 2, 2025, Sunita Tools Ltd’s share price remained steady at ₹836.00, marking a 1.99% increase from its previous close of ₹819.65. The market cap stood at ₹470.25 crore, reflecting stable trading activity.
Sunita Tools share price rise:
Sunita Tools Limited announced that its subsidiary, Tripathi Aerotech & Weapons Systems Pvt Ltd, has received a major Letter of Intent (LOI) to supply 1,00,000 Empty Artillery Shells (155mm M107) annually from a prominent defence supplier, marking a strategic expansion in the defence sector.
The LOI allows eight months for setting up a large-scale manufacturing facility, while initial batches and trial samples will be produced at the current factory. This acquisition of Tripathi Aerotech aligns with Sunita Tools Limited’s vision to expand its portfolio in aerospace, defence, and weapons manufacturing.
Leveraging 36 years of expertise, Sunita Tools Limited, alongside Tripathi Aerotech, aims to enhance its capabilities in manufacturing defence and artillery components for India and global markets. The subsidiary’s established credentials as a defence vendor strengthen this venture further.
Recent news About Sunita Tools :
On December 30, 2024, Sunita Tools Limited announced that its subsidiary, Sunita Leoquip Aerospace Pvt Ltd, secured an annual contract worth ₹66 lakhs for the supply of CI Casting P05863 and CI Casting C85263, showcasing its industrial growth.
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Ace investor holding of Sunita Tools:
Rajesh Kumar Singla
Rajesh Kumar Singla holds 77,000 shares of Sunita Tools Ltd., with a current value of ₹6.4 crore. His significant investment reflects strong confidence in the company’s growth potential and its position in the defence and manufacturing sectors.
Rajesh Pandey
Rajesh Pandey owns 62,000 shares of Sunita Tools Ltd., valued at ₹5.2 crore. His substantial stake underscores belief in the company’s strategic initiatives and its ability to capitalize on opportunities within the defence and aerospace industries.
Stock performance of Sunita Tools for Period of 1 week, 6 months and 1 year:
Sunita Tools exhibited mixed stock performance across various periods. Over the past week, the stock declined by 1.63%. In six months, it grew modestly by 4.08%, while over the past year, it delivered an impressive return of 267%, reflecting substantial long-term gains.
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Shareholding pattern of Sunita Tools:
| Summary | Sep-24 | Mar-24 |
| Promoter | 73.00% | 73.00% |
| FII | 0% | 0% |
| DII | 0.10% | 0% |
About Sunita Tools:
Sunita Tools specializes in advanced manufacturing solutions, including aerospace, defense, and industrial components. With decades of expertise, the company leverages innovative technologies and strategic partnerships to deliver high-quality products, driving growth across domestic and global markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
