The stock witnessed spurt in volume by more than 1.51 times and touched upper circuit of Rs 12.13 per share.
Shares of Patel Engineering gained 10 percent intraday on Wednesday after the company reported an 81 percent YoY decline in consolidated net profit at Rs 42.2 crore. Consolidated revenue rose 8.1 percent at Rs 661.1 crore against Rs 611.7 crore (YoY).
Consolidated EBITDA went down 10.9 percent at Rs 77.4 crore against Rs 86.9 crore (YoY) while cons EBITDA margin stood at 11.7 percent against 14.2 percent (YoY).
The stock witnessed spurt in volume by more than 1.51 times and touched the upper circuit of Rs 12.13 per share.