This smallcap construction & engineering stock has zoomed 75% in 7 days

Shares of Patel Engineering were locked at the 20 per cent upper circuit at Rs 28.85, and in the process also hit a fresh 2.5 year high on the BSE on Tuesday amid heavy volumes

Shares of Patel Engineering, a civil construction company specializing in the hydropower sector, were locked at the 20 per cent upper circuit, and in the process also hit a fresh a 52-week high at Rs 28.85 on the BSE on Tuesday amid heavy volumes. The trading volumes at the counter jumped nearly four-fold, with a combined 33.74 million shares changing hands and pending buy orders for 2.54 million shares on the NSE and BSE at 01:44 pm. In comparison, the S&P BSE Sensex was up 0.44 per cent at 59,561.

In past seven trading days, the stock of construction