Sadbhav Engineering surged 4.76% to Rs 153.10 at 14:49 IST on BSE after 0.68% equity changed hands in two bulk deals on BSE today, 14 May 2014.
A bulk deal of 5.40 lakh shares was executed on the Sadbhav Engineering counter at Rs 140 per share at 12:03 IST on BSE today, 14 May 2014. Another bulk deal of 5.01 lakh shares was executed on the counter at Rs 148.80 per share at 12:03 IST on BSE today, 14 May 2014.
Meanwhile, the BSE Sensex was down 22.90 points, or 0.1%, to 23,848.33
Twin bulk deals boosted volume on the Sadbhav Engineering scrip. On BSE, so far 10.96 lakh shares were traded in the counter, compared with an average volume of 43,715 shares in the past one quarter.
The stock hit a 52-week high of Rs 158 in intraday trade today, 14 May 2014. The stock hit a low of Rs 140 so far during the day. The stock hit a 52-week low of Rs 52 on 16 September 2013.
The stock had outperformed the market over the past one month till 13 May 2014, rising 20.39% compared with 5.49% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 71.64% as against Sensex's 18.21% rise.
The small-cap company has an equity capital of Rs 15.18 crore. Face value per share is Re 1.
Sadbhav Engineering's net profit galloped 595.4% to Rs 25.94 crore on 75.7% growth in net sales to Rs 620.79 crore in Q3 December 2013 over Q3 December 2012.
Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.
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