Contractors will now be given funds every month, rather than on the basis of the milestone achieved
Shares of Sadbhav Engineering hit a record low of Rs 13.05, down 6 per cent on the BSE in Tuesday's intra-day trade, in an otherwise strong market. In comparison, the S&P BSE Sensex was up 1.7 per cent at 52,471 points at 12:41 PM.
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.
First Published: Jun 21 2022 | 1:28 PM IST