Patel Engineering share price has zoomed 5% and is presently trading at Rs 60.4.
Meanwhile, the BSE REALTY index is at 8,229.6 (up 1.7%).
Among the top gainers in the BSE REALTY index today are DLF (up 3.1%) and Godrej Properties (up 2.8%).
Phoenix Mill (down 1.0%) and PRESTIGE ESTATES (down 0.1%) are among the top losers today.
Over the last one year, Patel Engineering has moved up from Rs 54.1 to Rs 60.4, registering a gain of Rs 6.3 (up 11.6%).
On the other hand, the BSE REALTY index has moved up from 4,774.4 to 8,229.6, registering a gain of 72.4% during the last 12 months.
The top gainers among the BSE REALTY index stocks during this same period were PRESTIGE ESTATES (up 192.1%), Sobha (up 168.3%) and Brigade Enterprises (up 110.4%).
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The BSE Sensex is at 82,876.0 (down 0.1%).
The top losers among the BSE Sensex today are ITC (down 1.3%) and MUNDRA PORT & SEZ (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.
In the meantime, NSE Nifty is at 25,364.8 (down 0.1%). SBI LIFE INSURANCE and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 67,127.1 to 82,876.0, registering a gain of 15,749.0 points (up 23.5%).
Patel Engineering net profit fell 11.4% YoY to Rs 479 million for the quarter ended June 2024, compared to a profit of Rs 540 million a year ago. Net sales declined 1.5% to Rs 11,017 million during the period as against Rs 11,186 million in April-June 2023.
For the year ended March 2024, Patel Engineering reported 109.9% increase in net profit to Rs 3,016 million compared to net profit of Rs 1,437 million during FY23. Revenue of the company grew 20.0% to Rs 44,877 million during FY24.
The current Price to earnings ratio of Patel Engineering, based on rolling 12 month earnings, stands at 17.2.
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