Sadbhav Engineering jumps on new project - The New Indian Express

Sadbhav Engineering jumps on new project

Published: 27th March 2014 03:19 PM

Last Updated: 27th March 2014 03:19 PM

Sadbhav Engineering shares jumped on Thursday after the company has been declared the successful bidder in respect of the bid invited by National Highways Authority of India (Ministry of Road Transport and Highways) for widening & strengthening of Jodhpur-Barmer Section of NH-112. The quoted contract price for the said project is Rs. 2.12 billion.

The construction period of the project is 910 days (2.5 Years) from appointed date. The maintenance period for the project is for 4 years commencing from the date of the provisional certificate.

Shares of the company are trading at Rs 93.90, up Rs 3.1, or 3.41% at the Bombay Stock Exchange (BSE) on Thursday at 2:28 p.m.The scrip has touched an intra-day high of Rs 94.50 and low of Rs 91.50. The total volume of shares traded at the BSE is 35,714.In the earlier session, the shares climbed 1.4%, or Rs 1.25, at Rs 90.80.Currently, the stock is trading down 27.21% from its 52-week high of Rs 129 and above 80.58% over the 52-week low of Rs 52.

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