Vijay Kedia Gains Rs 34,71,69,178 In Single Day As This Low PE Small-Cap Construction Stock Jumps 8%
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Patel Engineering shares surged nearly 8 per cent on Wednesday, with trading volumes rising more than 6 times the 20-day average. As a result, the value of Vijay Kedia-backed Kedia Securities' holding increased by approximately Rs 34,71,69,178 in a single trading session
✨ Key Takeaways
On Wednesday, Indian equity benchmarks ended higher, with the benchmark Nifty 50 index rising 0.83 per cent to 24,021.65. Amid the positive market sentiment, Patel Engineering's share price jumped 7.81 per cent to Rs 34.63, significantly outperforming the broader market. The stock witnessed strong investor participation, with trading volume reaching 72.38 million shares, compared to its 20-day average volume of 11.24 million shares, indicating volume of more than 6.4 times the average level.
Vijay Kedia-Backed Entity Gains Rs 3.47 Crore In A Single Day
According to the latest shareholding pattern for March 2026, Kedia Securities Private Limited, associated with veteran investor Vijay Kedia, held 1,00,25,099 equity shares, representing a 1.01 per cent stake in Patel Engineering.
With the stock gaining Rs 2.51 during Wednesday's trading session, the value of Kedia Securities' holding increased by approximately Rs 34,71,69,178 (Rs 3.47 crore) in a single day.
Patel Engineering Shareholding Pattern
As of March 2026, promoters held 31.48 per cent stake in the company. Foreign Institutional Investors (FIIs) increased their holding to 2.86 per cent from 2.52 per cent in the December 2025 quarter, while Domestic Institutional Investors (DIIs) increased their ownership to 6.17 per cent from 5.81 per cent during the same period.
The rise in both FII and DII holdings reflects growing institutional confidence in the company's business prospects and execution capabilities.
Share Price Performance And Valuation
Patel Engineering has delivered strong returns over the short term. The stock has gained 32.42 per cent over the last one month and 19.06 per cent over the past six months. Over the last one year, the stock has generated a return of 11.09 per cent.
The company currently commands a market capitalisation of approximately Rs 3,453 crore. The stock trades at a P/E ratio of 8.67, significantly below the industry average P/E of 17.9, indicating relatively attractive valuations compared with peers.
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About Patel Engineering
Patel Engineering Ltd is a leading infrastructure and Construction company with expertise in hydropower, irrigation, tunnelling, transportation and urban infrastructure projects. The company has executed several large-scale engineering projects across India and international markets and has built strong capabilities in complex underground and hydroelectric construction works.
The company is particularly recognised for its presence in the hydropower segment, where it has participated in the construction of dams, tunnels and power generation infrastructure. With increasing government spending on infrastructure development, water management projects and renewable energy-related construction, Patel Engineering continues to strengthen its project pipeline and execution footprint across the country.
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Disclaimer: The article is for informational purposes only and not investment advice.