/ Patel Engineering's PAT Up By 289% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 15 December 2016

Patel Engineering Ltd is currently trading at Rs 81.5, up by Rs 3.2 or 4.09% from its previous closing of Rs 78.3 on the BSE. The total unaudited standalone income from operations for the quarter ended September 30, 2016 was Rs 699.98 crore as compared to Rs 679.08 crore for the same period in 2015.

The company showed improved profit after tax. It registered a PAT Rs 37.65 crore for quarter ended September 30, 2016, up by 289.75% from Rs 9.66 crore for the same period in 2015.  The scrip opened at Rs 81.6 and has touched a high and low of Rs 83.05 and Rs 80.1 respectively. So far 1142052(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 1229.27 crore.

The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 120.5 on 16-Sep-2016 and a 52 week low of Rs 43.4 on 17-Aug-2016. Last one week high and low of the scrip stood at Rs 88.9 and Rs 77.05 respectively. The promoters holding in the company stood at 50.63 % while Institutions and Non-Institutions held 4.81 % and 36.71 % respectively. The stock is currently trading below its 50 DMA.
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