Sadbhav Engineering is currently trading at Rs 70.10, up by 0.90 points or 1.30% from its previous closing of Rs. 69.20 on the BSE.
The scrip opened at Rs. 69.40 and has touched a high and low of Rs. 71.50 and Rs. 68.05 respectively. So far 32631 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 146.00 on 09-Nov-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. 74.05 and Rs. 61.15 respectively. The current market cap of the company is Rs. 1060.01 crore.
The promoters holding in the company stood at 48.76 % while Institutions and Non-Institutions held 41.77 % and 9.47 % respectively.
Sadbhav Engineering has been declared successful bidder for the two projects/works worth Rs 207.48 crore in respect of the bid invited by Water Resources Department, Madhya Pradesh. The company emerged as the successful bidder for project worth Rs 117.50 crore for Construction of intake barrel on Gandhi Sagar Lake, control structure, hydraulic tunnel, open channel and barrage on Rewa river near Bhanpura town including Head sluice of Bhanpura canal project (Unit- I Head Works).
Meanwhile, the company also emerged as the successful bidder for project worth Rs 89.98 crore for Cement concrete lining with paver machine from ch 214 to ch 1526 of left bank main canal (LBMC) under Tawa project ltarsi, District Hoshangabad, and (M.P.)
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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