ET Markets
Stock Analysis, IPO, Mutual Funds, Bonds & More

Yes Securities maintains buy on Sadbhav Engineering, target price Rs 168

Buy Sadbhav Engineering Ltd. at a price target of Rs 168.0 .

Updated: Nov 20, 2019, 08.44 AM IST
ThinkStock Photos
Yes Securities has maintained buy rating on Sadbhav Engineering in the long term with target price of Rs 168. Shares of Sadbhav Engineering closed 4.6% higher at Rs 122.5 on Tuesday while BSE Sensex closed 185.51 points up at 40,469.70.

Company Financials

For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 938.13 crore, down -24.23% from last quarter sales of Rs 1238.16 crore.The company has reported net profit after tax of Rs -39.89 crore in the latest quarter.

Investment Rationale

The brokerage expects the project execution to pick up in the next two quarters. Further, the debt is likely to decline with repayment of loans by Sadbhav Infrastructure Properties from the funds to be received from sale of build operate and transfer (BOT) projects. Also, the company expects receipt of appointed dates for two projects worth Rs 16 billion over next couple of months.

Also Read

Yes Securities maintains buy on Birla Corporation, target price Rs 990

Copper prices breach new high in Dec: YES Securities

Yes Securities upgrades KNR Constructions to buy, target price Rs 293

Buy Cera Sanitaryware, target Rs 2,801: Yes Securities

Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links

Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service