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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence  |  sumanspeaks.blogspot.com Travel & Hospitality · Turnaround Watch Easy Trip Planners At ₹5.78: The Hotel Business Is Growing Faster Than The Old Business Is Shrinking Near its 52-week low, EaseMyTrip is quietly turning into a different company than the one that listed in 2021 — and the next few quarters will decide whether that transformation shows up in the profit line. Easy Trip Planners Ltd trades around ₹5.78, with a market capitalisation of approximately ₹2,300 crore. That is close to its 52-week low of ₹5.74. At first glance, that looks like a stock the market has simply given up on. Look closer, and a more interesting picture emerges. The balance sheet is clean. Revenue is still growing. And one part of the business — hotels and holiday packa...
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Patel Engineering Ltd: 2nd Quarter 2023 Results

Net profit of Patel Engineering rose, a massive 282.31% to Rs.26.15 crore in the quarter ended September 2022 as against Rs.6.84 crore during the previous quarter ended September 2021. 

Sales rose 23.27% to Rs.893.05 crore in the quarter ended September 2022 as against Rs 724.45 crore during the previous quarter ended September 2021.

Patel Engineering, is a Premier Bombay based civil construction Company, specialising in the hydropower sector.

Key Financial Highlights:

💥Revenue: ₹9.23 billion (up 27% from Q2FY22).

💥Net income: ₹261.5 million (up 282% from Q2FY22).

💥Profit margin: 2.8% (up from 0.9% in Q2FY222). The increase in margin was driven by higher revenue.

💥EPS: ₹0.53 (up from ₹0.15 in 2FY22).

In September, 2022, there was an announcement that Patel Engineering Ltd (Rs.19.10) has allotted 1,25,52,800 equity shares at issue price of Rs.25.36 each for cash at par aggregating to Rs.31.83 Cr Afrin DIA - Category I registered FPI. 

This rate somewhat gives the benchmark price of the shares. Therefore buy the shares of Patel Engineering Ltd near the CMP of Rs.19.10, for targets of Rs.24/27/31. SL: Rs.17. Photo: Equity Bulls.

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