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Last Updated : Aug 19, 2019 04:02 PM IST | Source:

Buy Sadbhav Engineering; target of Rs 200: Sharekhan

Sharekhan is bullish on Sadbhav Engineering has recommended buy rating on the stock with a target price of Rs 200 in its research report dated August 16, 2019.

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Sharekhan's research report on Sadbhav Engineering

Q1 earnings were affected by a delay in receipt of appointed dates of hybrid-annuity projects (HAM) projects dragging down standalone net profit by 38% y-o-y. The management retained a Rs. 3,600 revenue guidance for FY2020 and a healthy execution outlook for H2FY2020. Reverse merger of SIPL being explored for making SEL asset-light having everything under one roof, focusing purely on EPC and O&M contracts.


We maintain our Buy rating on Sadbhav Engineering expecting a revival in execution, benefits accruing from asset sale and reverse merger and an improvement in project tendering activity from H2FY2020.

For all recommendations report, click here

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First Published on Aug 19, 2019 04:02 pm
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