India's Sadbhav Engineering jumps over 8% as new CEO appointed

Sadbhav Engineering

22/11/2022 04:15

** Shares of construction company Sadbhav Engineering Ltd
 SADE.NS  rise as much as 8.64% to 11.95 Indian rupees, biggest
pct gain since Oct. 18
    ** Rohit Modi appointed CEO at a meeting of Board of
Directors held on Monday, according to an exchange filing
    ** Vasistha C. Patel tendered resignation from the CEO post
and Nitin R. Patel resigned as Executive Director & Chief
Financial Officer with immediate effect on Monday
    ** More than 86,000 shares traded, 0.2x times their 30-day
moving avg of 496,438  
    ** Stock down ~71% so far this year, up to last close
 (Reporting by Akansha Victor in Bengaluru)
 ((Akansha.Victor@thomsonreuters.com; Mobile: +919654878265;))