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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
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 Patel Engineering Ltd (Rs.16.25): Updates

Patel Engineering Ltd is a multi-disciplinary construction and engineering group, with expertise in three major sectors: Real Estate,, Infrastructure and Asset Ownership. Let us see who are holding the shares of the company?

#Bank of Baroda ( 4.29%).

#PTC India Ltd (3.19%)

#ICICI Bank Ltd (1.59%).

#Axis Bank Limited  ( 1.54%).

#Bank of India (1.47%).

#Canara Bank (4.16).

#Bank of Maharashtra (1.27%).

#Insurance Companies (0.49%).

Moreover, in Q4FY21, Patel Engineering  allotted 3,54,36,562 shares  (face value Re.1) at a price of Rs.14.78 per share (i.e. price for conversion of debt into equity) to PTC India Ltd & IDBI Bank Ltd against OTS Framework/Debt Settlement Agreement executed respectively with these Lenders. This means Rs.14.78, remains the lower end of the share price. Photo: NiceLocal

The order book position of Patel Engineering Ltd is huge ~Rs.14000 crore. 

Also, if you look at the March, 2021 quarter result then you would see the turnover of the company has increased sequentially, which means there is a gradual change in Fundamentals after the OTS plan has been implemented.

Bottomline: This is a very good price to average the shares of Bombay based Patel Engineering Ltd (Rs.16.25).

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