Sadbhav Engineering surges despite reporting 9% fall in Q3 net profit

15 Feb 2019

Sadbhav Engineering is currently trading at Rs. 171.00, up by 3.70 points or 2.21% from its previous closing of Rs. 167.30 on the BSE.

The scrip opened at Rs. 170.00 and has touched a high and low of Rs. 171.80 and Rs. 169.90 respectively. So far 506 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 410.00 on 26-Feb-2018 and a 52 week low of Rs. 166.20 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 166.20 respectively. The current market cap of the company is Rs. 2870.38 crore.

The promoters holding in the company stood at 46.55%, while Institutions and Non-Institutions held 37.85% and 15.60% respectively.

Sadbhav Engineering has reported a fall of 9.01% in its net profit at Rs 56.25 crore for the quarter ended December 31, 2018 as compared to Rs 61.82 crore for the same quarter in the previous year. Total income of the company increased by 10.81% at Rs 938.28 crore for Q3FY19 as compared Rs 846.76 crore for the corresponding quarter previous year.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323