LovUAli

volume up order win, a potential multi baggier

Long
NSE:PATELENG   PATEL ENGINEERING
Stock seems bottom out .

Target : 25/35/54

SL: 15( closing basis)

Reason : Huge order win (approx: 1250 cr )

Fundamental : Patel Engineering Company specializes in tunneling, underground works for hydropower generation, irrigation and urban infrastructure projects. It is the only Indian Company with experience in RCC , micro Tunneling and double take tap work. It has established a significant international presence and has executed projects across Arabian Gulf, Sri Lanka, Nepal, Bhutan, etc.

The company reported a consolidated net loss of Rs 0.45 crore in Q1 FY22 as against a net loss of Rs 41.89 crore in Q1 FY21. Net sales increased 141.36% to Rs 666.25 crore in the quarter ended June 2021 as against Rs 276.04 crore during the previous quarter ended June 2020.