Firstcall Research recommended Buy on Sadbhav Engineering with target price Rs 260 against current market price Rs 230.55 in its report.

Commenting on the investment rationale, the stock broker said, "SEL currently, executing EPC transport projects with a balance work order of Rs 41,957 million, captive order book of Rs 28,506.90 million & Non Captive order book of Rs 13,450.10 million. Net profit grew by 67.34% at Rs. 269.93 million, revenue increased by 21.71% at Rs. 6,855.08 million in current June quarter.  Net Sales and PAT of the company are expected to grow at a CAGR of 19% and 22% over 2013 to 2016E respectively."

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