Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month

India Ratings and Research expects the execution to remain sluggish in FY23, in view of the stretched liquidity position of the company

Shares of Sadbhav Engineering hit a record low of Rs 13.05, down 6 per cent on the BSE in Tuesday's intra-day trade, in an otherwise strong market. In comparison, the S&P BSE Sensex was up 1.7 per cent at 52,471 points at 12:41 PM.

While the stock has fallen 35 per cent in one week on weak earnings, it has tanked 52 per cent in one month, as against 3.4 per cent decline in the benchmark index. With the past one month's decline, the stock of the engineering, designing & construction company has corrected 86 per cent from its 52-week