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Wednesday, December 7, 2016

Patel Engineering Surged Above 10 %


Patel EngineeringPatel Engineering share price is currently trading at Rs. 89.90, up by 10 per cent from its previous closing of Rs. 81.60 on the National Stock Exchange. 
The scrip opened at Rs. 82.40 and has touched a high and low of Rs. 90.90 and Rs. 81.75, respectively. So far 29,98,285  shares are traded on the counter with a traded value of Rs. 2,645.09 lacs, as per NSE. The stock has a face value Rs. 1 has touched a 52 week high of Rs. 120.70 on 16th Sep 16  and a 52 week low of Rs. 43.30 on 17th Aug 16. Patel Engineering Ltd. was incorporated in the year 1949. The Small Cap company has a market cap of Rs 1280.29 Cr. and operates in the Construction sector.
Patel Engineering Ltd. key Products/Revenue Segments include Contract Revenue which contributed Rs 2399.24 Cr to Sales Value (97.02 per cent of Total Sales), Other Operating Revenue which contributed Rs 73.57 Cr to Sales Value (2.97 per cent of Total Sales), for the year ending 31st Mar 2015. Company has Vatsaraj & Co. as its auditors. As on 30th Sep 2016, the company has a total of 76,806,282 shares outstanding.
One of the biggest beneficiary of government fast tracking of Arbitral awards have been infrastructure majors like HCC and Patel Engineering which have seen large sum of money being stuck at the hands of dispute between the contractor and government.
Patel Engineering is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE.  Patel Engineering is fundamentally strong and is safe for investment, as per Dynamic analysts.
In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Patel Engineering share price history.

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