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Buy Patel Engineering, target price Rs 80: Hem Securities

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April 25, 2024
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Buy Patel Engineering, target price Rs 80:  Hem Securities
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Hem Securities has buy call on Patel Engineering with a target price of Rs 80. The current market price of Patel Engineering Ltd. is Rs 64.5.

Patel Engineering Ltd., incorporated in the year 1949, is a Small Cap company (having a market cap of Rs 4978.23 Crore) operating in Construction sector.

Patel Engineering Ltd. key Products/Revenue Segments include Income From Construction Work, Other Operating Revenue and Lease & Other Income for the year ending 31-Mar-2023.

Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 1076.12 Crore, up 2.87 % from last quarter Total Income of Rs 1046.10 Crore and up 1.16 % from last year same quarter Total Income of Rs 1063.75 Crore. Company reported net profit after tax of Rs 68.59 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 39.41 per cent stake in the company as of 31-Mar-2024, while FIIs owned 3.37 per cent, DIIs 0.41 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Tags: BuyengineeringHemmarket newsMarketsNiftyPatelpatel engpatel engg.patel engg. ltd.Patel Engineeringpatel engineering ltdPatel Engineering stockspatel ltdpriceSecuritiessensextarget
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