Sadbhav Engineering Signs EPC Agreement Stock Up By Nearly 3%

Sadbhav Engineering Limited has signed Engineering Procurement Construction (EPC) agreement with Sadbhav Bangalore Highway Private Limited, a step-down subsidiary of the Company.

The order is worth Rs 855 cr for maintenance and repair works during the development period and construction period.

The stock touched intraday high of Rs 311.3 per share, up by Rs 8.7 per share or nearly 3%. It has a PE ratio of 32.39 and TTM EPS of Rs 9.34. The peers of the Company, like, Hindustan Construction Co.Ltd., Larsen & Toubro Ltd., and Gammon India Ltd., are also trading in positive territory.

Sadbhav Engineering Ltd is currently trading at Rs 305.6, up by Rs 3 or 0.99% from its previous closing of Rs 302.6 on the BSE.

The scrip opened at Rs 308.2 and has touched a high and low of Rs 311.3 and Rs 305.4 respectively. So far 34760(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5191.73 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 325 on 23-Mar-2017 and a 52 week low of Rs 220 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 325 and Rs 290 respectively. The promoters holding in the company stood at 46.76 % while Institutions and Non-Institutions held 43 % and 10.24 % respectively. The stock is currently trading above its 50 DMA.

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