Sadbhav Infra soars on inking contract worth Rs. 55 crore

Sadbhav Infrastructure Project has signed maintenance contract worth Rs. 55 crore with wholly-owned subsidiary (WOS) – Sadbhav Jodhpur Ring Road for maintenance and repairs works during the tenure of the development and construction work. 

The project is for the four-laning of Dangiywas (96.595 km of NH‐112) to Jajiwal (283.500 km of NH‐65 Nagaur Road) section Package‐I (Design length 74.619 km) of Jodhpur Ring Road (notified as NH) in the State of Rajasthan under NHDP Phase‐VII. 

The BSE group 'B' stock of face value Rs. 10 touched its 52 week high of Rs. 157.50 on January 11, 2018 and a 52-week low of Rs. 89.65 on September 27, 2017. 

The promoters holding in the company stood at 69.35 per cent, while institutions and non-institutions held 17.17 per cent and 13.49 per cent, respectively.  

On Wednesdays trade the stock has opened at Rs.118 and touched a high/low of Rs.118/Rs.116 and on 10:25 am the stock is quoting at Rs.116.50 per share.