Sadbhav Engineering rose 3.83% to Rs 56.90 at 12:29 IST on BSE after the company said it has been declared the successful bidder for two water projects aggregating Rs 456.92 crore.
The announcement was made during trading hours today, 11 September 2013.
Meanwhile, the S&P BSE Sensex was down 88.03 points or 0.44% at 19,909.06.
On BSE, 25,000 shares were traded in the counter as against average daily volume of 55,515 shares in the past one quarter.
The stock hit a high of Rs 58.50 and a low of Rs 53.65 so far during the day The stock had hit a 52-week high of Rs 156.15 on 5 October 2012. The stock had hit a 52-week low of Rs 52.95 on 4 September 2013.
The stock had underperformed the market over the past one month till 10 September 2013, sliding 22.98% compared with the Sensex's 6.43% rise. The scrip had also underperformed the market in past one quarter, declining 47.86% as against Sensex's 2.86% rise.
The small-cap company has equity capital of Rs 15.14 crore. Face value per share is Re 1.
Sadbhav Engineering's net profit declined 69.2% to Rs 16.13 crore on 33.6% growth in net sales to Rs 563.23 crore in Q1 June 2013 over Q1 June 2012.
Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.
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