Sadbhav Eng up over 3%

Sadbhav Engineering is in the green today, currently up 3.5% at Rs.201, with an intra day high at Rs.203.55. The stock had hit a new high on 1st July at Rs.213.

The stock is in the limelight today, reacting positively to the news that its JV, led by the company with a 75% stake, was awarded the project by South West Mining, Barmer, Rajasthan in the name of joint venture known as Sadbhav - Vishnushiva (JV). The contract value is Rs 150 crore.