Monday 15 July 2013

Sadbhav Engg gains after winning order

Sadbhav Engineering rose 2.62% to Rs 90 at 10:23 IST on BSE after the company said it secured a contract worth Rs 183.57 crore from Sardar Sarovar Narmada Nigam in Gujarat for constructing Kachccha Branch canal reach.

On BSE, 2,804 shares were traded in the counter as against an average daily volume of 19,486 shares in the past one quarter.

The stock hit a high of Rs 91.15 and a low of Rs 89.25 so far during the day. The stock had hit a 52-week high of Rs 156.15 on 5 October 2012. The stock had hit a 52-week low of Rs 78 on 4 July 2013.

The stock had underperformed the market over the past one month till 12 July 2013, sliding 14.69% compared with the Sensex's 4.82% rise. The scrip had underperformed the market in past one quarter, falling 24.27% as against Sensex's 9.41% rise.

The small-cap company has an equity capital of Rs 15.09 crore. Face value per share is Re 1.

Net profit of Sadbhav Engineering declined 75.36% to Rs 11.56 crore on 22.44% decline in net sales to Rs 701.55 crore in Q4 March 2013 over Q4 March 2012.


About Sadbhav Engineering:
Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.

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