Vijay Kedia has been holding this stock since March 2023 quarter. Patel Engineering is a small cap company. The company’s share has jumped 51 percent in 3 months.
New Delhi. Patel Engineering Limited shares, included in the portfolio of veteran investor Vijay Kedia, have made a fortune for investors in just one year. The money invested in this share a year ago has now quadrupled. This share has been in Vijay Kedia’s portfolio since the March 2023 quarter. Patel Engineering Limited had a 1.7 percent stake in the December 2024 quarter. In the last trading session i.e. on Friday, Patel Engineering shares closed with a slight decline at Rs 71.80 (Patel Engineering Share Price) on NSE.
The market cap of Patel Engineering Limited is Rs 5270 crore. Vijay Kedia had a 1.3 percent stake in the March quarter of last year, which he increased to 1.7 percent in the June 2023 quarter. Vijay Kedia currently holds 1.3 crore shares of Patel Engineering and the holding value of his portfolio is Rs 93 crore. The 52-week high of Patel Engineering shares is Rs 79, while the 52-week low is Rs 13.15.
400 percent return in one year
Patel Engineering shares have given investors a return of 400 percent in one year. On 13 February 20223, the price of this share was Rs 14.35. Now its price has increased to Rs 71.80. In the last one month, this multibagger share has gained 12 percent. In the last three months, this share has jumped 51 percent. At the same time, Patel Engineering shares have given a return of 42 percent in six months.
Vijay Kedia has made a profit of Rs 74 crore due to the rise in the shares of Patel Engineering in 1 year. If an investor had invested Rs 1 lakh in the shares of Patel Engineering a year ago and maintained his investment, then today the value of his investment has become Rs 4 lakh.
(Disclaimer: The information given here is based on the performance of the stock. Since investing in the stock market is subject to market risk, please consult a certified investment advisor before investing. News18 Hindi will not be responsible for any loss you may incur.)
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FIRST PUBLISHED : February 11, 2024, 17:00 IST