Sadbhav Engineering closed at Rs 397.95 on Friday, 16th Feb 2018. Earlier the stock fell from its high of 440 on 11th Jan to 365.05 on 2nd Feb. It has a support zone at around 393 - 385, which is around 61% retracement. A major demand zone lies further down, around 365 -355.
Fundamentally the stock has performed well in the past. Its sales increased from 693 Cr to 935 Cr between Sep 17 to Dec 17. Profit increased from 33.50 Cr to 61.82 Cr. during the same period.
So in my opinion it is a good stock to watch out for.
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