Sadbhav Infrastructure Project has signed Maintenance contract with Sadbhav Jodhpur Ring Road (a wholly owned subsidiary) worth Rs 550 million for maintenance and repairs works during the development period and construction period of the four laning of Dangiywas (km 96.595 of NH]112) to Jajiwal (km 283.500 of NH]65 Nagaur Road) section Package]I (Design length 74.619 km) of Jodhpur Ring Road (In Principally declared NH) in the State of Rajasthan under NHDP Phase]VII.

The stock had underperformed the market over the past one month till Jun. 19, 2018, falling 8.31% compared with the Sensex's 1.26% rise. It underperformed the market in past one quarter, declining 12.51% as against 7.18% rise in the Sensex.

Shares of the company gained Rs 3.10, or 2.72%, to trade at Rs 116.45. The total volume of shares traded was 973 at the BSE (9.30 a.m., Wednesday).