Sadbhav Infrastructure Projects jumped 10.44% to Rs 112.10 at 15:25 IST on BSE after a mega bulk deal of 1.32 crore shares was executed on the scrip at Rs 108.20 per share in opening trade on BSE.
Meanwhile, the S&P BSE Sensex was down 286.65 points, or 0.95% to 29,839.56. The S&P BSE Mid-Cap index was down 169.19 points or 1.14% at 14,711.67.
Bulk deal boosted volume on the scrip. On the BSE, 1.36 crore shares were traded in the counter so far, compared with average daily volumes of 16,274 shares in the past one quarter. The stock had hit a high of Rs 118.85 and a low of Rs 103.75 so far during the day. The stock hit a record high of Rs 120.40 on 22 September 2016. The stock hit a 52-week low of Rs 81.05 on 9 November 2016.
The mid-cap company has equity capital of Rs 352.23 crore. Face value per share is Rs 10.
On a consolidated basis, Sadbhav Infrastructure Project reported net loss of Rs 66.35 crore in Q3 December 2016, higher than net loss of Rs 139.51 crore in Q3 December 2015. Net sales declined 35.96% to Rs 322.14 crore in in Q3 December 2016 over Q3 December 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.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app