Patel Engineering rose 13.71% to Rs 49.75 at 9:51 IST on BSE after the company announced that it bagged two hydro projects worth Rs 1793.50 crore and a tunnel project worth Rs 618.21 crore.
The announcement was made after market hours yesterday, 7 August 2018.Meanwhile, the S&P BSE Sensex was up 25.34 points, or 0.07% to 37,691.14.
On the BSE, 1.36 lakh shares were traded in the counter so far compared with average daily volumes of 40,000 shares in the past two weeks. The stock had hit a high of Rs 51.35 and a low of Rs 48.90 so far during the day. The stock hit a 52-week high of Rs 96.05 on 28 November 2017. The stock hit a 52-week low of Rs 36.10 on 23 July 2018.
Net profit of Patel Engineering rose 218.46% to Rs 82.99 crore on 47.69% decline in net sales to Rs 468.91 crore in Q4 March 2018 over Q4 March 2017.
Patel Engineering is an integrated infrastructure and construction services conglomerates in India.
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