Short Patel Engineering, says Thunuguntla

Short Patel Engineering, says Jagannadham Thunuguntla of SMC Global.

Thunuguntla told CNBC-TV18, "Short Patel Engineering with a day target of Rs 90. The company management has recently indicated that because of the government slowdown and announcement of the policies and packages, chances of order book slowdown is firmly here. There is definite slowdown on the hydro power and irrigation front which will be bad news for company.