Sadbhav Engineering rose 2.01% to Rs 73.50 at 11:46 IST on BSE after the company said it has been declared the successful bidder by Delhi Metro Rail Corporation for a contract aggregating Rs 50.96 crore.
The announcement was made during trading hours today, 19 November 2013.
Meanwhile, the S&P BSE Sensex was up 20.29 points or 0.1% at 20,871.03.
On BSE, 10,000 shares were traded in the counter as against average daily volume of 46,873 shares in the past one quarter.
The stock hit a high of Rs 74.40 and a low of Rs 71.55 so far during the day The stock had hit a 52-week high of Rs 143 on 20 November 2012. The stock had hit a 52-week low of Rs 52 on 16 September 2013.
The stock had outperformed the market over the past one month till 18 November 2013, surging 12.23% compared with the Sensex's 0.15% fall. The scrip had, however, underperformed the market in past one quarter, advancing 6.11% as against Sensex's 12.11% rise.
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The small-cap company has equity capital of Rs 15.14 crore. Face value per share is Re 1.
Sadbhav Engineering's net profit surged 339.3% to Rs 28.07 crore on 12.2% growth in net sales to Rs 375.41 crore in Q2 September 2013 over Q2 September 2012.
Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.
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