SADBHAV ENGINEERING Surges by 10%; BSE CAPITAL GOODS Index Up 1.3%

Fri, 1 Mar 03:34 PM

SADBHAV ENGINEERING share price has zoomed 10% and is presently trading at Rs 210.

Meanwhile, the BSE CAPITAL GOODS Index is at 17,339 (up 1.3%).

Among the top Gainers in the BSE CAPITAL GOODS Index today are SADBHAV ENGINEERING (up 10.3%) and CG POWER & INDUSTRIAL SOLUTIONS LTD (up 13.8%).

GE T&D INDIA and HAVELLS IND (down 1.1%) are among the top losers today.

Over the last one year, SADBHAV ENGINEERING has moved down from Rs 400 to Rs 210, registering a loss of Rs 190 (down 47.5%).

On the other hand, the BSE CAPITAL GOODS has moved down from 19,076 to 17,339, loss of 1,737 points (down 9.3%) during the last 12 months.

The top gainers among the BSE CAPITAL GOODS Index stocks during this same period were HAVELLS IND (up 39.4%), AIA ENGINEERING (up 22.5%) and CARBORUNDUM UNIVERSAL (up 8.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 36,141 (up 0.5%).

The top gainers among the BSE Sensex stocks today are TATA MOTORS DVR (up 3.0%), INDUSIND BANK (up 2.9%) and YES BANK (up 2.5%). Other gainers include VEDANTA LTD (up 2.1%) and COAL INDIA (up 1.9%). The most traded stocks in the BSE Sensex are YES BANK and ICICI BANK.

In the meantime, NSE Nifty is at 10,878 (up 0.6%). ZEE ENTERTAINMENT (up 4.5%) and HPCL (up 4.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,184 to 36,141, registering a gain of 1,957 points (up 5.5%).

SADBHAV ENGINEERING Financial Update...

SADBHAV ENGINEERING net profit down at Rs 563 million for the quarter ended December 2018, compared to a loss of Rs 618 million a year ago. Net Sales declined 1.0% to Rs 9.3 billion during the period as against Rs 9.4 billion in October-December 2017.

For the year ended March 2018, SADBHAV ENGINEERING reported 33.6% decrease in net profit to Rs 1.1 billion compared to net profit of Rs 1.7 billion during FY17.

Revenue of the company grew 10.6% to Rs 50 billion during FY18.

The current Price to earnings ratio of SADBHAV ENGINEERING, based on rolling 12 month earnings, stands at 15.8x.

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