Shares Bazaar

Sunita Tools jumps on inking MoU with Middle East-based company

This MoU aims to support the execution of formalities and paperwork of an upcoming defence order for M107 from the Middle Eastern Company

Sunita Tools is currently trading at Rs. 787.00, up by 21.10 points or 2.75% from its previous closing of Rs. 765.90 on the BSE.

The scrip opened at Rs. 794.90 and has touched a high and low of Rs. 797.80 and Rs. 787.00 respectively. So far 1250 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. 552.45 on 14-May-2025.

Last one week high and low of the scrip stood at Rs. 797.80 and Rs. 715.00 respectively. The current market cap of the company is Rs. 501.06 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 entered into a Memorandum of Understanding (MoU) with a (Friendly) Middle East-based company to support the execution of formalities and paperwork of an upcoming defence order for M107 from the Middle Eastern Company. Under this MoU, the partner company will assist the company with government liaison, documentation, regulatory approvals, coordination with local authorities, Payment procedures and follow up and other execution-related formalities in the Middle East Country. In return, the partner company will receive a mutually agreed percentage-based commercial share from the finalized order.

This strategic cooperation is intended to ensure smooth execution, compliance with local laws and regulations, operational efficiency, and timely completion of the proposed order, while strengthening the company’s footprint in the Middle east and North African markets. This collaboration aligns with the company’s long-term strategy of expanding its international defence and aerospace business through trusted local partnerships and market-specific expertise.

Sunita Tools manufactures mold base and machining parts for Automotive, Pharmaceutical, Electronics, Consumer Goods, and Manufacturing Sectors.