Sadbhav Infrastructure Project rose 1.02% to Rs 108.75 at 12:05 IST on BSE after the company received provisional completion certificate for Kelwat Check Post on NH-547 and Rajura Check Post on SH-264.
The announcement was made during market hours today, 20 October 2016.Meanwhile, the BSE Sensex was up 123.35 points, or 0.44%, to 28,107.72.
On BSE, so far 10,703 shares were traded in the counter, compared with an average volume of 70,700 shares in the past one quarter. The stock hit a high of Rs 112.60 and a low of Rs 106.85 so far during the day. The stock hit a record high of Rs 120.40 on 22 September 2016. The stock hit a record low of Rs 66.30 on 15 February 2016. The stock had outperformed the market over the past one month till 19 October 2016, rising 2.38% compared with 2.27% fall in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 6.8% as against Sensex's 0.71% rise.
The mid-cap company has equity capital of Rs 352.23 crore. Face value per share is Rs 10.
Sadbhav Infrastructure Project said that with the receipt of these certificates, Maharashtra Border Check Post Network (MBCPNL), a subsidiary of the company and a special purpose vehicle incorporated for the project of construction, operation and maintenance and modernisation and computerization of integrated border check posts received provisional/final certificate for 18 check posts out of which 13 check posts have started generating revenue. The construction work is at an advanced stage for balance 6 check posts.
Sadbhav Infrastructure Project reported consolidated net loss of Rs 89.46 crore in Q1 June 2016 compared with net loss of Rs 88.34 crore in Q1 June 2015. Net sales fell 33.3% to Rs 361.70 crore in Q1 June 2016 over Q1 June 2015.
Sadbhav Infrastructure Project is into development, operation and maintenance of road infrastructure assets. It undertakes turnkey contractual works and other than civil construction of the projects.
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