Sadbhav Engineering rose 4.52% to Rs 67.10 at 13:07 IST on BSE after the company said it has been declared the successful bidder for a contract worth Rs 263.64 crore in respect of the bid invited by Bharat Coking Coal, Dhanbad.
The announcement was made during trading hours today, 21 October 2013.
Meanwhile, the S&P BSE Sensex was down 66.46 points or 0.32% at 20,816.43.
On BSE, 30,000 shares were traded in the counter as against average daily volume of 5,564 shares in the past two weeks.
The stock was volatile. The stock surged as much as 6.69% at the day's high of Rs 68.50 so far during the day. The stock lost as much as 0.31% at the day's low of Rs 64 so far during the day.
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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