113% Rally In 3-Months: Vijay Kedia Penny Stock Hits 5% Upper Circuit

Shares of small cap stock, Patel Engineering Ltd hit 5% upper circuit on June 27, 2023 to Rs 30.67 apiece. The stock also witnessed a spurt in volume by more than 2.66 times. In last 3-months, Patel Engineering shares gained 114% thus boosting investors' wealth. Check details below:

Patel Engineering Stock Performance & Return: Current market price of Patel Engineering share is Rs 30.67 per share with intraday surge of 5.00%. The stock's 52-week high price is Rs 31.50 per share and 52-week low price is Rs 13.10 per share, respectively. Its market capitalisation is Rs 2372.68 crore. Patel Engineering shares jumped 75% in last 6-months, offered 49% return in last 1-year, 80% return in last 2-years, and 117% return in last 3-years.

Patel Engineering Financial Performance: The company for the quarter ended March 31, 2023 declared its consolidated total income at Rs 1326.19 crore, up 24.67% from preceding quarter total income of Rs 1063.75 crore. The company declared its net profit after tax at Rs 82.96 crore in the latest quarter.

Vijay Kedia Bough Stake In Patel Engineering: Earlier this year, Kedia Securities promoted by leading investor Vijay Kedia bought 1 crore shares during March quarter. In other words, Vija Kedia bought 1.29% stake in Patel Engineering in March quarter.

About Patel Engineering: Patel Engineering Ltd., founded in 1949 is one of the most integrated infrastructure and construction services conglomerates in India, according to its official website.

Disclaimer: The penny stock hit upper cirucit today. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.