Patel Engineering is currently trading at Rs. 89.95, up by 5.60 points or 6.64% from its previous closing of Rs. 84.35 on the BSE.
The scrip opened at Rs. 85.45 and has touched a high and low of Rs. 92.65 and Rs. 85.25 respectively. So far 743709 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 106.90 on 25-Apr-2017 and a 52 week low of Rs. 64.00 on 10-Aug-2017.
Last one week high and low of the scrip stood at Rs. 92.65 and Rs. 77.60 respectively. The current market cap of the company is Rs. 1409.81 crore.
The promoters holding in the company stood at 24.77%, while Institutions and Non-Institutions held 53.83% and 21.40% respectively.
Lodha Developers (LDPL) has reportedly bought 5 acres of prime land in Mumbai’s Jogeshwari suburb from Patel Engineering for Rs 376 crore. The deal is part of the implementation of the Scheme for Sustainable Structuring of Stressed Assets (S4A) in the company.
Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projeccts, hydroeletric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.
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