While the stock has fallen 35 per cent in one week on weak earnings, it has tanked 52 per cent in one month, as against 3.4 per cent decline in the benchmark index. With the past one month's decline, the stock of the engineering, designing & construction company has corrected 86 per cent from its 52-week high level of Rs 96.30 touched on June 30, 2021.
Sadbhav Engineering hits record low on weak earnings; tanks 52% in 1 month
India Ratings and Research expects the execution to remain sluggish in FY23, in view of the stretched liquidity position of the company
 "road construction, highway construction")
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Contractors will now be given funds every month, rather than on the basis of the milestone achieved
While the stock has fallen 35 per cent in one week on weak earnings, it has tanked 52 per cent in one month, as against 3.4 per cent decline in the benchmark index. With the past one month's decline, the stock of the engineering, designing & construction company has corrected 86 per cent from its 52-week high level of Rs 96.30 touched on June 30, 2021.
Topics : Buzzing stocks Sadbhav Engineering Markets
First Published: Jun 21 2022 | 1:28 PM IST
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