Sadbhav Infra Soars By 1% Declares L1 For Ham Project

Sadbhav Infrastructure is gaining the trade up by over 1 % as markets are nearing lunch hours, trading at Rs 306.65 per share. The Company has declared L1 for the Ham project by NHAI today. For the 6 laning of proposed Udaipur bypass on a Hybrid Annuity Mode, Package IV under NHDP V in Rajasthan.

The costs incurred by NHAI stood at Rs 646 crore, with an operation period of 15 years from CoD. The construction period allotted to Sadbhav Infrastructure is 730 days from appointed date.

BSE Capital Goods is trading down by 26 points or 0.16% at 16056 levels. Sadbhav Infrastructure Projects Ltd opened at Rs 100 and has touched a high and low of Rs 103.9 and Rs 99.5 respectively.

So far 65221(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 3557.47 crore. The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 120.4 on 22-Sep-2016 and a 52 week low of Rs 81.05 on 09-Nov-2016. Last one week high and low of the scrip stood at Rs 108.35 and Rs 93.55 respectively.

The promoters holding in the company stood at 69.28 % while Institutions and Non-Institutions held 11.58 % and 19.13 % respectively. The stock is currently trading above its 200 DMA.

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