The company made the announcement during trading hours today, 18 January 2012.
Meanwhile, the BSE Sensex was up 28.98 points, or 0.18% to 16,495.03.
On BSE, 29,000 shares were traded in the counter as against average daily volume of 44,763 shares in the past one quarter.
The stock hit a high of Rs 118.60 and a low of Rs 111.30 so far during the day. The stock had hit a 52-week high of Rs 154.40 on 25 April 2011. The stock had hit a 52-week low of Rs 93.70 on 10 February 2011.
The stock had underperformed the market over the past one month till 17 January 2012, rising 3.31% compared with Sensex's 6.29% return. The scrip had also underperformed the market over the past one quarter, falling 14.43% as against Sensex's 3.28% fall.
The mid-cap company has an equity capital of Rs 15.03 crore. Face value per share is Re 1.
Sadbhav Engineering's net profit rose 32.1% to Rs 18.14 crore on 65% growth in net sales to Rs 430.41 crore in Q2 September 2011 over Q2 September 2010.
Sadbhav Engineering is a construction firm with focus on road, irrigation and mining projects.