ITD Cementation India Ltd, Elecon Engineering Company Ltd, Paras Defence and Space Technologies Ltd and Jammu and Kashmir Bank Ltd are among the other losers in the BSE’s ‘A’ group today, 08 July 2024.

Patel Engineering Ltd leads losers in ‘A’ group

The Board of Patel Engineering has approved the appointment of Janky Patel as the ‘Chairperson’ of the company effective from July 6, 2024

Patel Engineering crashes 12% after CMD Rupen Patel dies, pares YTD gains

Janky Patel has been appointed as the chairperson of Patel Engineering following the death of her husband, Rupen Patel, who was the company’s chairman and managing director. He passed away late Friday, according to a statement from the company. The statement from Patel Engineering announced, “Rupen Patel, Chairman and Managing Director of Patel Engineering Limited, passed away in the late hours of Friday.”

Janky Patel new chairperson of Patel Engineering after death of Rupen Patel

Patel Engineering (PEL) informed that its board approved several appointments as an ad hoc arrangement for seamless functioning after the demise of Rupen Patel, promoter/ chairman & managing director of the company.

PEL board OKs ad hoc appointments post Rupen Patel’s passing

The transaction is likely to be completed on or before June 30.

Patel Engineering Shares At Three-Week High On Plan To Buy Stake In Tunnelling Startup

It had posted a Rs 78.83 crore ‘net profit from continuing operations’ during the year-ago period, the company said in an exchange filing.

Patel Engineering Q4 Results: Net Profit Jumps 78%

ICICI Direct is bullish on Patel Engineering recommended buy rating on the stock with a target price of Rs 80 in its research report dated April 22, 2024.

Buy Patel Engineering; target of Rs 80: ICICI Direct

Here are the stocks to watch before going into trade today.

Stocks To Watch: RIL, Vodafone Idea, Tata Consumer, Patel Engineering, Indian Overseas Bank

Patel Engineering’s QIP, which is expected to launch soon, is likely to be at a discount of current market price, the people said.

Patel Engineering Likely To Raise As Much As Rs 400 Crore Via QIP

Order Win Buzz For Patel Engineering

#PatelEngineering trades higher on the back of a Rs 452.26 crore order win.

Whole Time Director & CFO Kavita Shirvaikar joins in to discuss the order book with BQ Prime’s Hiral Dadia. #BQLive 

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Order Win Buzz For Patel Engineering | BQ Prime

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Patel Engineering Ltd. is an infrastructure and construction services company in India. The Company is engaged in civil construction business.