In this article we see a stock that are in Back to Back Upper Circuit Small Cap Multibagger Stock. On Monday, Patel Engineering Limited stock gained 5.00% and was stuck in the upper circuit. In the previous six months, the stock’s increase was roughly 200 percent. The stock is one of the BSE S&P BSE SmallCap Index’s Top Gainers.
In the fields of hydro, irrigation & water supply, urban infrastructure, and transportation, Patel Engineering Ltd. builds dams, bridges, tunnels, roads, industrial facilities, and other sorts of heavy civil engineering work.
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In the past year, Patel Engineering Limited has also given its stockholders multibagger gains. The company’s share price increased over this time, rising from Rs 22.57 on August 8, 2022, to Rs 50.85 on August 7, 2023, a rise of around 134% over the course of a year.
The company’s shareholding has expanded from 1.29 percent to 1.68 percent under the ownership of renowned Indian billionaire Vijay Kedia.
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In Q4FY23, the company reported exceptional quarterly results. The company’s revenue, which increased by 16.77% YoY to Rs 1298.03 crore, was reported. The company’s operating profit was Rs 208.72 crore, while its PAT was Rs 82.96 crore, reflecting an outstanding gain of 147.04 percent YoY. The corporation has a Rs 20,000 crore order book.
The Company has worked on a number of projects, including the Rampur Hydro Electric Project, the Kameng Hydro Electric Project, the SRSP Canal Project, the Raichur Sholapur Transmission Project, and High Altitude Road Projects in various locations.
The customers of the Co include NTPC, NHPC, NHAI, Satluj Jal Vidyut Nigam Ltd, IRCON, etc.
Investors should keep a careful eye on this stock since it has had extraordinary growth.