Stock seems bottom out .
Target : 25/35/54
SL: 15( closing basis)
Reason : Huge order win (approx: 1250 cr )
Fundamental : Patel Engineering Company specializes in tunneling, underground works for hydropower generation, irrigation and urban infrastructure projects. It is the only Indian Company with experience in RCC, micro Tunneling and double take tap work. It has established a significant international presence and has executed projects across Arabian Gulf, Sri Lanka, Nepal, Bhutan, etc.
The company reported a consolidated net loss of Rs 0.45 crore in Q1 FY22 as against a net loss of Rs 41.89 crore in Q1 FY21. Net sales increased 141.36% to Rs 666.25 crore in the quarter ended June 2021 as against Rs 276.04 crore during the previous quarter ended June 2020.
Target : 25/35/54
SL: 15( closing basis)
Reason : Huge order win (approx: 1250 cr )
Fundamental : Patel Engineering Company specializes in tunneling, underground works for hydropower generation, irrigation and urban infrastructure projects. It is the only Indian Company with experience in RCC, micro Tunneling and double take tap work. It has established a significant international presence and has executed projects across Arabian Gulf, Sri Lanka, Nepal, Bhutan, etc.
The company reported a consolidated net loss of Rs 0.45 crore in Q1 FY22 as against a net loss of Rs 41.89 crore in Q1 FY21. Net sales increased 141.36% to Rs 666.25 crore in the quarter ended June 2021 as against Rs 276.04 crore during the previous quarter ended June 2020.