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Defence is another sector that is gaining traction and Kedia admits that valuations in the space are getting richer day by day. Kedia said when a sector is about to turn around, one gets cheap valuations.
Patel Engineering is locked its upper circuit limit at Rs. 28.58, up by 1.36 points or 5.00% from its previous closing of Rs. 27.22 on the BSE. Patel Engineering The scrip opened at Rs. 28.01 and has touched a high and low of Rs. 28.58 and Rs. 28.01 respectively. So far 1461128 shares were traded
The share price rose 51 percent in last 6-month.
Patel Engineering Limited has been awarded the LOA from City and Industrial Development Corporation for the construction of a 6.70 km long treated water tunnel and associated works from Sai Village to Vindhane Village in Raigad District, Maharashtra.
CBI is conducting raids at 12 locations- 10 in Delhi, 2 in Rajasthan in connection with corruption in Kiru hydroelectric power project in J&K