SBI Cap Securities maintains ‘hold’ on Sadhhav Engineering, target price Rs 114
Shares of Sabhbav closed at Rs 81, down 9.5%.
Last Updated: Feb 20, 2020, 07.59 AM IST
SBI Cap Securities has maintained its ‘hold’ rating on Sadhhav Engineering with a target price of Rs 114. The brokerage said funding constraints are impacting the execution of company’s projects with revenue falling 52.5% year-on-year in the quarter ending December. Furthermore, the quality of future growth is also at risk as the company has been waiting for the deal proceeds for over 8 months after officially announcing the deal. Shares of Sabhbav closed at Rs 81, down 9.5%.
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