Sadbhav Engineering is currently trading at Rs. 190.00, up by 11.20 points or 6.26% from its previous closing of Rs. 178.80 on the BSE.
The scrip opened at Rs. 181.00 and has touched a high and low of Rs. 199.60 and Rs. 181.00 respectively. So far 133121 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 199.60 on 26-May-2014 and a 52 week low of Rs. 52.00 on 16-Sep-2013.
Last one week high and low of the scrip stood at Rs. 199.60 and Rs. 162.00 respectively. The current market cap of the company is Rs. 2884.10 crore.
The promoters holding in the company stood at 48.68% while Institutions and Non-Institutions held 42.25% and 9.06% respectively.
Sadbhav Engineering has received approval from National Highway Authority of India (NHAI) for the proposal of deferment of premium for two of its projects. These projects are Hyderabad- Yadgiri 4 Laning, undertaken by Hyderabad Yadgiri Tollway Private Lmited- SPV and a step-down subsidiary of the company and Rothak- Panipat 4 Laning, undertaken by Rothak Panipat Tollway Private Lmited- SPV and a step-down subsidiary of the company.
The deferment of premium shall span over the period from 2014-15 till 2026-27. This step would give huge comfort to the lenders as debt obligation would now get priority over the premium payable to NHAI.
NHAI would be able to recover the deferred premium with interest in the latter period of the concession. The deferment shall be limited to the actual revenue shortfall after meeting the debt obligation and operation expenditure.
Sadbhav Engineering is one of the largest BOT developers in the road sector in India with good project execution skills. SEL operates in the four distinct business areas in the infrastructure sector viz. BOT road projects, cash contract-based road projects, irrigation projects and mining.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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