Sadbhav Engineering is currently trading at Rs. 93.00, up by 0.10 points or 0.11% from its previous closing of Rs. 92.90 on the BSE.
The scrip opened at Rs. 95.50 and has touched a high and low of Rs. 96.00 and Rs. 92.75 respectively. So far 13778 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 156.15 on 05-Oct-2012 and a 52 week low of Rs. 90.10 on 03-Jul-2013.
Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 90.10 respectively. The current market cap of the company is Rs. 1400.78 crore.
The promoters holding in the company stood at 47.25%, while Institutions and Non-Institutions held 43.19% and 9.56% respectively.
Sadbhav Engineering's joint venture (JV), Corsan Corviam Construccion S.A, has been declared successful bidder for project worth Rs 221.86 crore by Delhi Metro Rail Corporation (DMRC). The scope of the project is part design and construction of elevated viaduct and three elevated stations namely MIE, Bus Stand and City Park including architectural finishing, water supply, sanitary installation, drainage works and roofing works of stations on Mundka - Bahadurgarh Corridor of Phase - III of Delhi MRTS (Haryana Portion)’.
The company's share of interest/participation in the Joint Venture shall be 40%
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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