Sadbhav Engineering rose 1.96% to Rs 340.90 at 11:08 IST on BSE after the company said it won two road projects from National Highways Authority of India.
The announcement was made during trading hours today, 10 August 2015.
Meanwhile, the BSE Sensex was up 152.12 points, or 0.54%, to 28,388.51.
On BSE, so far 17,000 shares were traded in the counter, compared with an average volume of 51,910 shares in the past one quarter.
The stock hit a high of Rs 350 and a low of Rs 334.35 so far during the day. The stock hit a record high of Rs 385 on 13 March 2015. The stock hit a 52-week low of Rs 193.90 on 13 August 2014.
The stock had outperformed the market over the past one month till 7 August 2015, rising 12.39% compared with 0.23% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 20.86% as against Sensex's 6.16% rise.
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The mid-cap company has an equity capital of Rs 17.15 crore. Face value per share is Re 1.
Sadbhav Engineering said it was declared the successful bidder (L1) in respect of the bid invited by National Highways Authority of India (NHAI) (Ministry of Road Transport and Highways) for two projects on EPC (engineering, procurement and construction) mode for continuous stretch of 45.50 kilometres. The projects have an aggregating value of Rs 1556.96 crore.
Net profit of Sadbhav Engineering rose 7.91% to Rs 38.87 crore on 21.13% rise in net sales to Rs 967.45 crore in Q4 March 2015 over Q4 March 2014.
Sadbhav Engineering is counted among the leading infrastructure companies of India. The company's business currently focuses on Infrastructure projects which include construction of roads & highways, bridges, irrigation supporting infrastructure and mining.
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