Meanwhile, the BSE Sensex was down 178.13 points, or 1.03% to 17,079.23.
On BSE, 17,000 shares were traded in the counter as against average daily volume of 69,477 shares in the past one quarter.
The stock hit a high of Rs 159 and a low of Rs 152.55 so far during the day. The stock had hit a 52-week high of Rs 159.25 on Tuesday, 27 March 2012. The stock had hit a 52-week low of Rs 94 on 30 December 2011.
The stock had outperformed the market over the past one month till 27 March 2012, rising 17.45% compared with the Sensex`s 1.08% fall. The scrip had also outperformed the market in past one quarter, surging 54% as against Sensex`s 8.71% gain.
The small-cap company has an equity capital of Rs 15.04 crore. Face value per share is Re 1.
The Sadbhav Engineering stock has surged 7.14% in two trading sessions from Rs 148.40 on 26 March 2012, after the company announced during trading hours on Tuesday, 27 March 2012, it has secured a project worth Rs 1220 crore from National Highways Authority of India (NHAI). The stock had risen 3.2% to settle at Rs 153.15 on Tuesday, 27 March 2012.
Sadbhav Engineering said that it has emerged as a successful bidder for four laning of Solapur-Bijapur section of National Highway (NH)-13. The project will be executed as build-operate-transfer (BOT) (Toll) basis on design, build, finance, operate and transfer (DBFOT) pattern. The concession period of the project is 20 years from appointed date, Sadbhav Engineering said in a statement.
Sadbhav Engineering`s net profit rose 58.1% to Rs 41.71 crore on 52% growth in net sales to Rs 723.74 crore in Q3 December 2011 over Q3 December 2010.
Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.
Powered by Capital Market - Live News