Sadbhav Engineering trades with traction on the BSE

17 Dec 2014

Sadbhav Engineering is currently trading at Rs. 252.85, up by 6.40 points or 2.60% from its previous closing of Rs. 246.45 on the BSE.

The scrip opened at Rs. 244.00 and has touched a high and low of Rs. 254.00 and Rs. 242.15 respectively. So far 11855 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 284.75 on 04-Dec-2014 and a 52 week low of Rs. 73.15 on 06-Mar-2014.

Last one week high and low of the scrip stood at Rs. 260.00 and Rs. 233.00 respectively. The current market cap of the company is Rs. 4298.92 crore.

The promoters holding in the company stood at 47.94% while Institutions and Non-Institutions held 41.52% and 10.54% respectively.

Sadbhav Infrastructure Project, a subsidiary of Sadbhav Engineering, has filed its draft red herring prospectus with the Securities and Exchange Board of India on December 03, 2014 in order to undertake an initial public offering of its equity shares (the 'Issue'). The Issue consists of a fresh issue of equity shares of Rs. 10 each aggregating up to Rs. 6,000 million and an offer for sale of up to 16,178,811 Equity Shares by Xander Investment Holding XVII and up to 16,178,811 Equity Shares by Norwest Venture Partners VII-A-Mauritius.

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.

Related Sadbhav Engineering Ltd. Links:

Sadbhav Engineering Share Price

133.80 -5.00 (-3.60%) Jan 21, 17:59
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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