Patel Engineering is currently trading at Rs. 61.91, up by 3.32 points or 5.67% from its previous closing of Rs. 58.59 on the BSE.
The scrip opened at Rs. 65.70 and has touched a high and low of Rs. 65.95 and Rs. 61.71 respectively. So far 1717256 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 79.00 on 06-Feb-2024 and a 52 week low of Rs. 24.33 on 23-May-2023.
Last one week high and low of the scrip stood at Rs. 65.95 and Rs. 54.19 respectively. The current market cap of the company is Rs. 5243.58 crore.
The promoters holding in the company stood at 39.41%, while Institutions and Non-Institutions held 7.86% and 52.72% respectively.
Patel Engineering has received board’s approval to acquire 10% strategic stake in Shail Tunnelling and Infra, a start-up tunnel boring machine Supply Company. The objective of acquisition is consultancy service in design & engineering for Tunnel projects, provide construction equipment’s to Tunnel & Infra Projects including service for bid preparations, service to operate TBM & other construction equipment. This acquisition will help in augmenting Company’s existing operation.
Patel Engineering provides a wide range of civil engineering services involved in design and construction of power projects, hydroelectric projects, commercial building, industrial complexes, dams, tunnels, underground structures, steel and concrete structures, bridges, marine works, flyovers and national highways in India and abroad.
