Sadbhav Engineering slips after poor Q2 FY17 outcome

India Infoline News Service | Mumbai | November 28, 2016 16:21 IST

The company has posted a net profit after tax of Rs 18.5 crore for the quarter ended September 30, 2016 as compared to Rs 27.8 crore for the quarter ended September 30, 2015.

Sadbhav Engineering slipped 2% after the company has posted a net profit after tax of Rs 18.5 crore for the quarter ended September 30, 2016 as compared to Rs 27.8 crore for the quarter ended September 30, 2015.

The scrip opened at Rs 277 and has touched a high and low of Rs 279 and Rs 261 respectively. So far 278212 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4723.34 crore.

The BSE group 'A' stock of face value Rs 1 has touched a 52 week high of Rs 369.95 on 04-Dec-2015 and a 52 week low of Rs 198.45 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 287.65 and Rs 270.3 respectively.

The promoters holding in the company stood at 46.76 % while Institutions and Non-Institutions held 42.83 % and 10.4 % respectively.

The stock is currently trading below its 100 DMA.

***Note: This is a NSE Chart

 

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