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Sadbhav Infrastructure falls 18% on CARE downgrade

The share has touched a 52-week low of Rs 58.75.

June 28, 2019 / 11:50 AM IST
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Shares of Sadbhav Infrastructure Projects fell 18 percent intraday on June 28 after credit rating CARE downgraded company's wholly owned subsidiary.

The share has touched a 52-week low of Rs 58.75.

Credit rating agency has CARE has downgraded Rohtak-Hissar Tollway, a wholly owned subsidiary of the company CARE D from CARE BB+ with a stable outlook.

At 1009 hrs, Sadbhav Infrastructure Projects was quoting at Rs 67.15, down Rs 4.85, or 6.74 percent on the BSE.

Moneycontrol News
first published: Jun 28, 2019 11:49 am

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