The shares of Sarda Energy closed 1.83% lower at Rs 439.3 on Friday, compared to a 0.82% decline in the benchmark index Nifty 50 at close.
The scrip slipped over 62.10% in the last 12 months and declined 8.98% on a year-to-date basis. The only analyst tracking the company has a ‘buy’ rating on the stock with the price target set at Rs 570, implying a 29.8% upside.