Sadbhav Eng hits a new 52-week low
By
Research Desk
about 8 years ago
Sadbhav Engineering hit a new 52-week low today at Rs.198.45 and it currently remains in the red.
The stock is reacting to the news which came in yesterday after market closure that due to agitation/violence currently going on in the state of Haryana, Toll operation of the Company's Step-down Subsidiary Company Rohtak Panipat Tollway Private Limited has been temporarily affected from February 17, 2016 till date. This is sure to take a toll on its earnings for Q4 which in Q3itself was disappointing with a 27% (YoY) drop in net profit.