Shares of Sadbhav Engineering settled 8.58 percent higher on Friday, quoting at Rs 209.40 at close. The stock has been on an uptrend, rising over 21 percent in the last three day.
Sadbhav Engineering on February 21 had informed the exchanges that CARE Rating has reaffirmed its short-term rating at CARE A1. The agency revised Sadbhav Engineering's long-term rating from CARE A+ to CARE A Stable.
The stock has corrected more than 47 percent in the last one year. HDFC Securities has maintained buy rating at a target price of Rs 418. Motilal Oswal has a target price of Rs 225.
Equity markets are closed on Monday on account of Mahashivratri. On Friday, the benchmark BSE Sensex closed up 0.54 percent at 36,063.81 and the broader Nifty 50 ended 0.67 percent higher at 10,863.50.
First Published: IST