Sadbhav Engineering hits over 5-year low; plunges 58% in 6-months

Shares of Sadbhav Engineering slipped 7 per cent to hit an over five-year low of Rs 103 on the BSE on Tuesday on back of heavy volumes. The stock of the construction and engineering company was trading at its lowest level since April 2014.

At 01:34 pm, around 1.05 million shares, representing 0.61 per cent of total equity, of Sadbhav Engineering changed hands via block deals on the BSE, the exchange data shows. The name of buyers and sellers, however, were not ascertained immediately.

According to the company's shareholding pattern, as of September 2019, promoters have a pledge on 41