Sadbhav Engineering is currently trading at Rs. 93.00, up by 2.45 points or 2.71% from its previous closing of Rs. 90.55 on the BSE.
The scrip opened at Rs. 91.70 and has touched a high and low of Rs. 94.90 and Rs. 89.95 respectively. So far 17834 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 140.35 on 09-Jan-2013 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. 98.65 and Rs. 86.50 respectively. The current market cap of the company is Rs. 1407.17 crore.
The promoters holding in the company stood at 48.76% while Institutions and Non-Institutions held 41.77% and 9.47% respectively.
Credit rating agency, CARE has reaffirmed ‘A+’ rating to Sadbhav Engineering’s Non Convertible Debentures (NCD) for an outstanding amount of Rs 230.00 crores. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk.
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.