Patel Engineering Share Price Soars in Civil Construction Sector
Investors are closely watching the rapid rise in the share price of Patel Engineering, a company engaged in the civil construction sector. Renowned investor Vijay Kedia has also invested in the company’s shares. According to experts at Anand Rathi firm, Patel Engineering’s shares could see a surge in the coming days.
Market Experts Recommend Buying Patel Engineering Shares
Market experts suggest placing stop-loss at ₹53 when buying Patel Engineering shares. On February 6, 2024, the company’s shares were trading at a 52-week high of ₹79. Last year in April 2023, the shares were trading at a 52-week low of ₹17.11. On Tuesday, April 23, 2024, the shares were up by 1.02% trading at ₹63.5.
Ownership Details of Patel Engineering Company
In March 2024, the promoters of Patel Engineering Company held a 39.41% stake in the company. Public investors held a 55.79% stake. Vijay Kedia’s Kedia Securities Private Limited holds 1.55% stake with 1,20,00,000 shares in the company. Bank of Baroda holds 1.32% stake with 1,02,225,000 shares in Patel Engineering.
Completion of Power Projects by Patel Engineering
Patel Engineering Limited has successfully completed 40 hydroelectric power projects with a total capacity of 11,000 megawatts in India. The company has initiated a project with a capacity of 8,000 megawatts out of its total capacity of 18,000 megawatts under construction in India.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.