Only buyers seen in this stock trading below Rs 20, do you own it?

Only buyers seen in this stock trading below Rs 20, do you own it?

Gaurav Tyagi
/ Categories: Trending, Mindshare

This stock experienced 14.13 times volume burst, indicating heavy buying pressure.

Shares of Sadbhav Engineering Ltd, climbed up by 20 per cent, thus locking in the upper circuit in Tuesday’s session. Major buying was seen in the last leg of the session. The stock experienced 14.13 times volume burst, indicating heavy buying pressure from this. Apart from this, the stock has also given the breakout, as seen on the charts. However, the stock is down by 51 per cent in six months and 65 per cent on YTD basis, majorly due to weak fundamentals of the company. 

Sadbhav Engineering Ltd is primarily engaged in the business of development of Infrastructure, leasing bases, BOT and energy generation through wind power. The major clients of the company are Delhi Metro Rail, Coal India Ltd, Government of Odisha, NHAI, to name a few.  For Q2FY23, revenue of the company stood at Rs 422 crore; whereas the company’s reported loss is Rs 373 crore. 

Speculators, investors with high-risk appetite are betting on this stock due to a probable turnaround. Investors should keep an eye on this stock for upcoming sessions. 

Previous Article Price break out today: This stock gave a staggering 102 per cent return in just one year!
Next Article Days Movers: These stocks were among the top gainers on November 22
Rate this article:
4.3

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR