Patel Engineering Share Price Soars by 1.63% to Rs 55.96 Per Share
Patel Engineering Limited’s shares have shown an impressive performance in the stock market over the past few years. In the last three years, the company’s share price has surged by 342%. On May 7, 2021, the share price of Patel Engineering was Rs 12.45 per share. By Friday, the company’s shares had risen by 1.63% to Rs 55.96 per share, with the company’s market cap reaching Rs 4,725.13 crore.
Patel Engineering Shares Rise by 122% in the Past Year
The BSE Small Cap Index has surged by 101% in the last year, and Patel Engineering’s share price has risen by 122% during this period. However, it has not been a good year for positional investors in the company, as the share price has dropped by 15% during this time.
Patel Engineering’s Future Performance
According to a report by Business Today, Progressive Shares believes that Patel Engineering’s shares will perform well in the coming days. Brokerage houses predict that the company’s share price could reach Rs 99. Patel Engineering is active in civil engineering, constructing hydro projects, dams, tunnels, roads, and railways. The company is also expanding its presence in the real estate business.
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