Sharekhan's research report on Sadbhav Engineering
Sadbhav Engineering Limited (SEL) receives CARE rating downgrade for its Rohtak-Hisar project due to delay in debt servicing. Diversion of traffic due to presence of alternate routes has led to lower tolling and losses in the project. Management is discussing the issue with NHAI and expects favourable resolution as the issue of alternate route is covered in the concession agreement.
Outlook
We maintain our Buy rating on SEL with an unchanged price target of Rs. 285.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
