Sadbhav Engineering is currently trading at Rs. 65.25, up by 1.70 points or 2.68% from its previous closing of Rs. 63.55 on the BSE.
The scrip opened at Rs. 65.00 and has touched a high and low of Rs. 67.10 and Rs. 64.70 respectively. So far 1727 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. 52.00 on 16-Sep-2013.
Last one week high and low of the scrip stood at Rs. 67.10 and Rs. 58.50 respectively. The current market cap of the company is Rs. 988.08 crore.
The promoters holding in the company stood at 48.92% while Institutions and Non-Institutions held 40.69% and 10.39% respectively.
Sadbhav Engineering’s Maharashtra Border Check Post Network (MBCPNL), step-down subsidiary of company and an SPV incorporated for the project of Construction, Operation and Maintenance and Modernization and Computerization of Integrated Border Check Posts at 22 location in the state of Maharashtra on BOT basis for a concession period of 24 years and 6 months has been issued Provisional Completion Certificate for Omerga and Warud Check Post on NH-9 and SH-244 respectively with effect from 27th September, 2013. With this, out of 22 Border Check Posts, MBCPNL has received Provisional/Final Completion Certificate for 8 Check Posts.
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.