Penny Stock: Betting on penny stocks is quite risky. However, it gives great returns in a short time, so investors are very attracted. Today we are telling you about a stock which has given great returns to its investors in a short time. We are talking about the stock of Sadbhav Infrastructure Projects Ltd. This stock climbed up to 30% in a month and in the last one year, this stock has climbed up to 90%. During this period, its price increased from Rs 4 to Rs 7.59. However, in the long term, this stock fell by 96%. Let us tell you that today on Thursday, this stock closed down 5% at Rs 7.59.
what is the detail
The shares of Sadbhav Infrastructure Projects Limited fell from Rs 150 to Rs 7.59 in the long term. Let us tell you that on 12 January 2018, the price of this share was Rs 150. This means that if an investor had invested one lakh in this share 6 years ago, then today this amount would have come down to just 5 thousand rupees. The 52-week high price of the shares of Sadbhav Infrastructure Projects Limited is Rs 9.31 and the 52-week low price is Rs 3.75. The market cap of the company is Rs 267.69 crore.
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company business
Let us inform you that Sadbhav Infrastructure Project Limited, a subsidiary of Sadbhav Engineering Limited (SEL), was incorporated on January 18, 2007 as an asset holding company for road and other infrastructure BOT projects. The company is involved in the development, operation and maintenance of national and state highways and roads in several states of India including Maharashtra, Gujarat, Rajasthan, Karnataka, Haryana and Telangana and also develops border check posts in the state of Maharashtra.
