Sadbhav Engineering spurts on emerging successful bidder for contract worth Rs 50.96 crore

19 Nov 2013

Sadbhav Engineering is currently trading at Rs. 73.50, up by 1.45 points or 2.01% from its previous closing of Rs. 72.05 on the BSE.

The scrip opened at Rs. 74.40 and has touched a high and low of Rs. 74.40 and Rs. 71.55 respectively. So far 10108 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.00 on 20-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. 77.70 and Rs. 67.00 respectively. The current market cap of the company is Rs. 1092.56 crore.

The promoters holding in the company stood at 48.76% while Institutions and Non-Institutions held 41.77% and 9.47% respectively.

Delhi Metro Rail Corporation has declared Sadbhav Engineering as the successful bidder for the project/work for contract valued Rs 50.96 crore. The scope of project includes civil works for construction of depot cum workshop, including structural, architectural, plumbing, drainage, external development, culvert and road works etc. for Bahadurgarh Depot at Mundka - Bahadurgarh Corridor, Line - 5 Extn of Phase - III Delhi MRTS.

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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Sadbhav Engineering Share Price

120.50 -1.05 (-0.86%) Nov 15, 18:01
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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