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TRADING DESK

Stock of construction major Sadbhav Engineering is witnessing interesting moves with the stock closing with 23.5 per cent gain.

The company recently bagged an order of Rs 560 crore BOT contract from Ahmedabad Urban Development Authority for strengthening and widening of the Sardar Patel ring road around Ahmedabad.

This is in addition to Rs 581 crore order received from Punj Lloyd, Maharashtra Airport Development Company in JV with PBA Infrastructure and Madhya Pradesh Road Development Corporation recently.

Stock of the week  

IST
Last week's close (Rs)	60.00
Prev. week's close (Rs)	45.15
Week's high (Rs)	65.15
Week's low (Rs)	43.50
Number of up/down move	5/0

Watch and defence component manufacturer, IST gained 33 per cent over the week on announcement of its plans to set up an IT special economic zone (SEZ) in Gurgaon, Haryana and its acquisition of 50000 shares in Neil Builders.

In March, the company received an order valuing around Rs 5.82 crore from the Ministry of Defence, Government of India. The company reported good performance in Q1FY07 with sales and net profit growth of 39 per cent and 22.5 per cent respectively.