Sadbhav Engineering slips after weak Q2 results

Sadbhav Engineering fell 2.83% to Rs 267.50 at 14:33 IST on BSE after net profit fell 33.36% to Rs 18.52 crore on 17.78% decline in total income to Rs 616.41 crore in Q2 September 2016 over Q2 September 2015.

The result was announced during trading hours today, 28 November 2016.

Meanwhile, the BSE Sensex was up 40.32 points, or 0.15%, to 26,356.66.

On BSE, so far 20,000 shares were traded in the counter, compared with average daily volume of 20,809 shares in the past one quarter. The stock hit a high of Rs 279 and a low of Rs 261 so far during the day. The stock hit a 52-week high of Rs 369.95 on 4 December 2015. The stock hit a 52-week low of Rs 198.45 on 26 February 2016. The stock had outperformed the market over the past 30 days till 25 November 2016, rising 0.33% compared with the 5.73% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 4.94% as against Sensex's 5.28% decline.

The mid-cap company has equity capital of Rs 17.16 crore. Face value per share is Re 1.

Sadbhav Engineering is a leading Infrastructure company. It currently focuses on infrastructure projects which include construction of roads & highways, bridges, irrigation supporting infrastructure and mining.

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