Patel Engineering Share Price Follows The Positive Trend

Patel Engineering is currently trading at Rs 89.20, up by Rs 2.40 or 2.76 per cent from its previous closing of Rs 86.60 on the NSE.

Patel Engineering share price opened at Rs 86.95 and has touched a high and low of Rs 91.65 and Rs 86.80 respectively. So far 5,18,997  shares are traded on the counter with a traded value of Rs. 464.61 lacs. The current market cap of the company is Rs 1362.71 (Cr).

Patel Engineering Ltd. was incorporated in the year 1949 that operates in the Construction sector.

Patel Engineering Ltd. key Products/Revenue Segments are Contract Revenue which contributes Rs 2543.49 Cr to Sales Value (97.26 per cent of Total Sales) and Other Operating Revenue which contributes Rs 71.46 Cr to Sales Value (2.73 per cent of Total Sales)for the year ending 31^st Mar 2016.

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Patel Engineering Share Price Dipped Almost 6%

Patel Engineering share price dipped by almost 6 per cent intraday in the morning trading session to make an intraday low of Rs 77.05. The share price opened at Rs 83.00 from a previous closing of Rs 85.30.

Patel Engineering Limited founded in the year 1949, is one of the major Infrastructure as well as Construction services companies in India. The company has a breadth of experience encompassing all sectors of the Infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, irrigation projects, highways, roads, bridges, railways, refineries to real estates as well as townships.

Patel Engineering is one of the top 500 Shares identified by Dynamic research team at the end of every quarter out of more than 1700 Shares of NSE. The Company has strong fundamentals. By strong Fundamentals we mean Patel Engineering has not made any losses in last 2 quarters, debt equity is less than 2 (not applicable for NBFC and banks) and pledge is less than 25 per cent. These top 500 stocks are safe for investment.

Patel Engineering Quarterly Results- Standalone Income Statement (in Cr.)

Patel Engineering share price is currently trading at Rs 81.85 apiece, down by 4.04 per cent at 12.36 PM. A total amount of 17,10,555 shares of the company have been traded on NSE today aggregating to a total value of Rs 1,372.89 lacs.

Visit Patel Engineering share price history for the historical share price performance of Patel Engineering.

Patel Engineering soars over 4 Per Cent on Arbitral Award

One of the biggest beneficiary of the Indian government's fast tracking of Arbitral awards have been infrastructure firms and one of the major ones has been none but Patel Engineering. Patel Engineering share price rose over 4 per cent intraday on the National Stock Exchange (NSE) after this development.

The company has witnessed huge amount of money being stuck at the hands of conflict between the contractor and government. NITI Aayog has given the SOP or standard operating procedures for release of payment for timely implementation of the infrastructure projects in the country, which have been stuck because of fund requirement.

Recently some of the infrastructure companies have received communication from National Highways Authority of India (NHAI) for the arbitral award payment, which is significantly estimated to boost cash flow situation of the infrastructure majors. The infrastructure companies have been asked to open an escrow account and submit bank guarantees within a month for recovering the amount.

Funds received shall help the company to pare down its debt and enhance working capital requirement, which in turn shall mobilize the stuck project and pump execution capabilities of the companies.

Reacting to this development, Patel Engineering share price has soared more than 25 per cent in the last few trading sessions.

Important Fundamentals:

• Average Daily Movement [ADM] : 5.51
• Average Volume [20 days] : 1176160
• Consolidated FY 15-16 PE Ratio: 75.91
• Standalone FY 15-16 PE Ratio : 110.57
• Book Value : 246.43
• Market Cap (as on 12th Dec’ 2016) : 642.87 (Cr)

According to Dynamic Levels analysts and researchers, Patel Engineering belongs to the top 500 shares set for this quarter. It is a good stock for investment and Dynamic Levels market analysts and experts expect good returns from it. The stock has both strong financials and fundamentals.

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.

Patel Engineering Surged Above 10 %

Patel 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 16^th Sep 16  and a 52 week low of Rs. 43.30 on 17^th 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 31^st Mar 2015. Company has Vatsaraj & Co. as its auditors. As on 30^th 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.

Patel Engineering Share Price rushed over 19 Per Cent

Patel Engineering share price rushed over 19 per cent on NSE today. Construction company Patel Engineering?has won arbitration?awards of more than Rs.2,500-cr and estimates its debt to halve on the Cabinet's decision to revive construction sector. The total standalone debt of the company as on March 31, 2016 stood at nearly Rs.4,535 cr. Further, claims approximating to Rs.5,000 cr are in the arbitration process and are estimated to be monetized within the next 12 to 18 months based on the Cabinet’s decision, it stated adding the same would be utilized to decrease the debt even further.

Patel Engineering Share Price Analysis:

The stock made its 52-week high of Rs.82.70 (06-Jan-16) while it made its 52-week low of Rs.43.30 (17-Aug-16).The life time high of Patel Engineering share price stands at Rs.1067.50 (04-Jan-08), on the other hand, the life time low of the stock stands at Rs.26.70 (06-Aug-13).

The scrip opened at Rs.77.50 from a previous closing of Rs.64.60. At 11:56 am, the day’s high of the stock stood at Rs.77.50 while the day’s low read at Rs.77.50. So far, the traded volume stands at 7,50,208 shares with a traded value of Rs.581.41 lac.

 According to the Dynamic Levels researchers and market analysts, Patel Engineering belongs to the top 500 shares group for the quarter ended June 30, 2016. The stock has both strong financials and fundamentals.  

 The stock has an ADM or Average Daily Movement of 2.52. Its average volume of 20 days stands at 4,42,564 shares. The market cap of Patel Engineering amounts to Rs.496.17 (Cr) while the book value stands at 246.43. The P/E Ratio of the scrip is recorded to be 0.00. Currently, Patel Engineering share price is trading 19.97 per cent higher at Rs.77.50 on the National Stock Exchange (NSE).To get information on the resistance and support levels of the stock and also to know more about the fundamentals and financials of Patel Engineering, please visit Patel Engineering share price history.