Stock Market Engineering and Construction Sector Company Patel Engineering Share Receives Rs 1275 Crore Order
Stock market engineering and construction sector company Patel Engineering Share has received an order of Rs 1275 crores. India’s super investor Vijay Kedia ji has also invested in the company. In this article, we will discuss the functioning of the company, its current position in the stock market, information about returns, new orders received, and the investment made by Vijay Kedia ji.
Patel Engineering Share Company Information
Patel Engineering Share was established in 1949 and operates in various departments including Real Estate, Infrastructure, Asset, Ownership Technology Innovation. The company has established many projects across the world, including India. It has built 250 infrastructure products, 75 dams, and 30 hydro electronic projects. The company has also developed land on 5 lakh acres. Its work extends to countries like Chile, USA, Nepal, Bhutan, Sri Lanka, and Qatar.
Patel Engineering Share Current Status
The company has a market cap of 4,436.69 crores and a debt of 1,542 crores. The promoter holding is 39.41%. The company’s sales growth is recorded at 15.04%, profit growth at 180.08%, ROE at 5.97%, and ROCE at 13.68%.
Return Information for Last 5 Years
In the last 3 months, the company has provided returns of 85.9%. In the last 6 months, it has given returns of 221%. In the last 1 year, the returns were 127%. Over the last 3 years and 5 years, the company has given returns of 66.3%. Overall, Patel Engineering Share has consistently provided good returns to its investors.
1275 Crore Order from Madhya Pradesh Government
The company’s quarterly results in June 2023 show a net profit of 132 crores, compared to 83 crores in the previous quarter. The Government of Madhya Pradesh has awarded the company an order worth 1275 crores under the Urban Infra Development Project.
The stock is currently trading at ₹57, with a 52-week high of ₹62 and a 52-week low of ₹13. Vijay Kedia, India’s super investor with a net worth of 1,491.66 Crore, has purchased 1.29% in Patel Engineering in March 2023, which increased to 1.68% in June 2023.
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