SADBHAV IN­FRA­STRUC­TURE PROJECT

Flash News Investment - - RECOMMENDATIONS -

{Ticker : 539346 {FV: ₹10 { 52-Week H/L: ₹157.50/89.65

We had rec­om­mended Sadbhav In­fra in Vol­ume no 34, Is­sue No 11 (dated Jan 1, 2018), when the scrip was trad­ing at Rs 144. Our rec­om­men­da­tion was backed by fac­tors like re­duc­tion in net loss and new projects from NHAI. We had re­viewed the stock and had rec­om­mended in­vestors to hold the scrip. Cur­rently, the com­pany has ten BOT projects with to­tal of 2595.92 lane kms, of which six are op­er­a­tional, one is par­tially op­er­a­tional and three are un­der de­vel­op­ment. Re­cently, it won a con­tract worth Rs 55 crore for main­te­nance and re­pair of a road in Ra­jasthan. In Q1FY19, the com­pany’s rev­enue was up 59 per cent YoY and the net loss too re­duced from Rs 120 crore to Rs 65 crore on a YoY ba­sis. The ex­e­cu­tion in FY19 has im­proved due to good mon­soon, and thus, we urge in­vestors to HOLD the scrip.

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