Market watchdog Sebi has imposed a penalty of Rs five lakh on 18 entities for alleged failure to submit disclosures about changes in their shareholding pattern in Era Infra Engineering to the company and stock exchanges.
Brokerage house AnandRathi has recommended to 'Buy' Natco Pharma, Pratibha Industries and 'Hold' Era Infra Engineering with a target price of Rs 704, Rs 53 and Rs 150 respectively in its research reports dated August 20, 2013.
Era Infra Engineering has reported a sales standalone turnover of Rs 1,148.58 crore and a net profit of Rs 10.30 crore for the quarter ended Jun '13