For 4QFY2012, Patel Engineering (PEL) posted higher-than-expected revenue (jumped by 117% on qoq basis) during the quarter, however poor performance at EBITDAM level and high interest cost resulted in huge decline on earnings front.

KRChoksey has recommended hold rating on Patel Engineering Company with a target of Rs 89, in its May 17, 2012 research report. “Patel Engineering Company (PEL) reported revenue of Rs 1036 crore (-10.4, YoY) is below to our expectation, ...

The Supreme Court last week ruled that if a successful bidding firm goes back on the contract, it could be blacklisted. In this case, Patel Engineering Ltd, the National Highway Authority of India (NHAI) advertised for a six-lane express way in West ...

by FP Staff May 17, 2012 Manas Jaiswal of manasjaiswal.com says one can short Dabur India with a stoploss at Rs 107 for target of Rs 98.

The listed civil construction company, ARSS Infrastructure plans to shut down some of its unprofitable project sites which have caused huge losses to the company in 2011-12.