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Patel Engineering Gains 5%; BSE REALTY Index Up 1.2%
Tue, 16 Jul 9:49

Patel Engineering Gains 5%; BSE REALTY Index Up 1.2%Image source: asbe/www.istockphoto.com

Patel Engineering share price has zoomed 5% and is presently trading at Rs 62.2.

Meanwhile, the BSE REALTY index is at 8,756.9 (up 1.2%).

Among the top gainers in the BSE REALTY index today are Brigade Enterprises (up 2.8%) and PRESTIGE ESTATES (up 2.3%).

Over the last one year, Patel Engineering has moved up from Rs 41.5 to Rs 62.2, registering a gain of Rs 20.7 (up 49.9%).

On the other hand, the BSE REALTY index has moved up from 4,228.0 to 8,756.9, registering a gain of 107.1% during the last 12 months.

The top gainers among the BSE REALTY index stocks during this same period were Sobha (up 253.1%), PRESTIGE ESTATES (up 206.3%) and Phoenix Mill (up 158.3%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,818.4 (up 0.2%).

The top gainers among the BSE Sensex today are Bharti Airtel (up 2.1%) and Tata Steel (up 1.0%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,633.8 (up 0.2%). Bharti Airtel and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,393.9 to 80,818.4, registering a gain of 15,424.5 points (up 23.6%).

Patel Engineering Financial Update...

Patel Engineering net profit grew 83.1% YoY to Rs 1,409 million for the quarter ended March 2024, compared to a profit of Rs 770 million a year ago. Net sales rose 11.5% to Rs 13,432 million during the period as against Rs 12,051 million in January-March 2023.

For the year ended March 2023, Patel Engineering reported 159.6% increase in net profit to Rs 1,788 million compared to net profit of Rs 689 million during FY22. Revenue of the company grew 18.5% to Rs 40,276 million during FY23.

The current Price to earnings ratio of Patel Engineering, based on rolling 12 month earnings, stands at 17.4.

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