Mayuresh Joshi, VP- Institution at Angel Broking is of the view that Sadbhav Engineering may test Rs 106 over the next 12 months.
Mayuresh Joshi, VP-Institution at Angel Broking told CNBC-TV18, " Sadbhav Engineering is poised to deliver greater execution capacities in the coming quarters. The order book of Rs 9,326 crore is 4.1 times of a trailing revenues for Sadbhav and clearly the undergoing projects that Sadbhav is executing at the current point of time, the Check Post projects, the Palesner project, the Chhindwara project, all these will be value additions in terms of toll collections."
"Our revenue expectations are around Rs 2,900 crore coming in from Sadbhav over the next fiscal. Our own expectation is that the stock will touch levels of Rs 106 over the next 12 months," he added.
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