Sadbhav Engineering is currently trading at Rs. 288.00, up by 1.15 points or 0.40% from its previous closing of Rs. 286.85 on the BSE.
The scrip opened at Rs. 288.40 and has touched a high and low of Rs. 289.30 and Rs. 282.55 respectively. So far 13525 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 385.00 on 13-Mar-2015 and a 52 week low of Rs. 178.00 on 14-Jul-2014.
Last one week high and low of the scrip stood at Rs. 296.25 and Rs. 282.55 respectively. The current market cap of the company is Rs. 4933.22 crore.
The promoters holding in the company stood at 47.11% while Institutions and Non-Institutions held 40.29% and 12.60% respectively.
Sadbhav Engineering’s Joint Venture (JV) 'Sadbhav-Pipl' has been awarded the project/work by the Ministry of Road Transport & Highways State Public Works Department B&R Branch, Government of Punjab. The contract is for development of Four Lanes with paved side shoulders of Tapa to Bathinda Section of NH-64 [New NH No. 7] from existing Km 168.00 to Km 209.405 in Punjab on Engineering Procurement and Construction (EPC) mode. The contract worth Rs 453.78 crore is for a period of 2 years. The company will lead the joint venture with 51% participation share.
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.
