Yes Securities has given a buy recommendation on Sadbhav Engineering (SEL) with a target price of Rs 305. Shares of Sadbhav Engineering traded at Rs 260.20 around 1:20 pm on 4 June, 2019. The brokerage has set a one-year horizon for the stock to hit the target price. As per the brokerage's assessment, SEL reported subdued performance during Q4FY19 with topline de-growing 8 per cent YoY. Operating margin, however, improved 118bps YoY to 12.4 per cent, backed by lower construction expenses. Significantly high tax outgo impacted company’s performance at net level with net profit declining 60 p...