Investing in penny stocks can be a risky endeavor, but it also holds the potential for substantial returns in a short period. One such penny stock that has caught the attention of investors recently is Sadbhav Infrastructure Projects. This stock has shown impressive growth, making investors wealthier in a short span. Last Friday, the shares of Sadbhav Infrastructure Projects closed at ₹6.30, marking a 10% increase.
Current Status of Sadbhav Infrastructure Shares
Sadbhav Infrastructure Projects stock is displaying strong bullish momentum, forming a green candle on the daily chart. The stock is trading well above its 20-day and 50-day moving averages, which are currently at ₹5.91 and ₹5.99, respectively. With a resistance level at ₹6.45, the stock is positioned for an upward breakout. If it manages to sustain trading above ₹6.45, the price could potentially reach ₹11. An interim resistance level is expected at ₹7.86.
So far this year, the stock has climbed 30% YTD and 60% over the past year, indicating a strong upward trend.
About Sadbhav Infrastructure Projects Limited
Founded in 2007, Sadbhav Infrastructure Projects Limited was established as an asset-holding company focusing on road and other infrastructure BOT (Build-Operate-Transfer) projects. The company operates in a competitive sector, with major players like Bajaj Auto Limited, Maruti Suzuki India Limited, Olectra Greentech Limited, Escorts Kubota Limited, Mahindra & Mahindra Limited, Hero MotoCorp Limited, Atul Auto Limited, TVS Motor Company Limited, Force Motors Limited, Ashok Leyland Limited, and Tata Motors Limited.
As of the latest update, the stock is priced at ₹6.30.
Penny stocks can be highly volatile and risky, but they also offer the potential for significant returns. It’s essential to do thorough research and consider your risk tolerance before investing.
The stock has a resistance level at ₹6.45. If it breaks through this level, it could potentially reach ₹11, with interim resistance at ₹7.86.
Sadbhav Infrastructure Projects Limited is an asset-holding company focused on road and infrastructure BOT projects.
The stock has seen a 30% increase YTD and a 60% increase over the past year, indicating strong performance.
Major competitors include Bajaj Auto, Maruti Suzuki, Olectra Greentech, Escorts Kubota, Mahindra & Mahindra, Hero MotoCorp, Atul Auto, TVS Motor, Force Motors, Ashok Leyland, and Tata Motors.