Sadbhav Engineering is currently trading at Rs. 245.00, up by 4.60 points or 1.91% from its previous closing of Rs. 240.40 on the BSE.
The scrip opened at Rs. 245.00 and has touched a high and low of Rs. 249.75 and Rs. 242.50 respectively. So far 16899 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 252.10 on 16-Sep-2014 and a 52 week low of Rs. 58.50 on 25-Sep-2013.
Last one week high and low of the scrip stood at Rs. 252.10 and Rs. 232.00 respectively. The current market cap of the company is Rs. 3757.06 crore.
The promoters holding in the company stood at 47.96% while Institutions and Non-Institutions held 41.91% and 10.14% respectively.
Sadbhav Engineering’s arm Sadbhav Infrastructure Project (SIPL) has entered into Memorandum of Understanding (MoU) for acquisition of 20% stake from JV Partner -- Patel Infrastructure -- in Ahmedabad Ring Road Infrastructure (ARRIL).
Upon completion of proposed acquisition, subject to signing of definitive transaction documents, receipt of approval from lenders and approval from AUDA, SIPL will hold 100% of the share capital in ARRIL.
Sadbhav Engineering (SEL) 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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