Pankaj Pandey discusses the impact of the incumbent government s majority on the market, focusing on earnings, Budget expectations, and sector performance post-elections. Pandey further says once this monsoon gets over the focus will shift towards the overall infra spend side. Cement has not seen much of a price performance and key players like ACC, Ambuja, UltraTech or JK Cement are going to experience a slightly better growth rate than the industry.
The multibagger stock rose 12.56% to Rs 65.95 against the previous close of Rs 58.59 on BSE. Market cap of Patel Engineering climbed to Rs 5,237 crore.
Patel Engineering Limited reported earnings results for the fourth quarter ended March 31, 2024. For the fourth quarter, the company reported sales was INR 13,431.79 million compared to INR 12,050.64.
Patel Engineering Limited reported earnings results for the full year ended March 31, 2024. For the full year, the company reported sales was INR 45,441.08 million compared to INR 38,911.47 million a.