News Orders & Deals Vijay Kedia Acquires 1.01% Stake in Patel Engineering Despite 43% Stock DeclineVijay Kedia Acquires 1.01% Stake in Patel Engineering Despite 43% Stock Decline
Ace investor Vijay Kedia has strategically invested in Patel Engineering by acquiring a 1.01% stake through Kedia Securities, demonstrating contrarian investment approach despite the stock's 43% decline. The infrastructure company recently secured significant projects worth ₹2,498 crores, including a hydropower project in Arunachal Pradesh and coal excavation contracts in Chhattisgarh, reinforcing its position in the infrastructure development sector.
*this image is generated using AI for illustrative purposes only.
Ace investor Vijay Kedia, renowned for identifying multibagger smallcap stocks early, has acquired a 1.01% stake in Patel Engineering through his firm Kedia Securities Private Limited. The strategic investment comes despite the infrastructure stock declining over 40% in the past year, demonstrating Kedia's contrarian investment approach.
Investment Details
Kedia's acquisition represents a significant vote of confidence in the infrastructure company's long-term prospects. The investment adds institutional backing to the small-cap stock, which currently trades with a market capitalization of ₹2,908.03 crores.
| Parameter: | Details |
|---|---|
| Investor: | Vijay Kedia (via Kedia Securities Pvt Ltd) |
| Stake Acquired: | 1.01% (1 crore shares) |
| Stock Performance: | Down 43% in past year |
| Market Cap: | ₹2,908.03 crores |
| Sector: | Infrastructure Developers & Operators |
Recent Project Wins
Patel Engineering has secured significant project contracts recently, strengthening its order book. The company signed a memorandum of understanding with the Government of Arunachal Pradesh for the restoration and development of the 144 MW Gongri Hydropower Project in West Kameng district.
| Project Details: | Specifications |
|---|---|
| Hydropower Project: | 144 MW Gongri Hydropower Project |
| Location: | West Kameng district, Arunachal Pradesh |
| Project Cost: | ₹1,700 crores |
| Completion Timeline: | 4 years |
Coal Projects Portfolio
The company also secured two Letters of Intent for coal excavation and transportation projects from Saidax Engineers and Infrastructure Private Limited. These projects involve excavation and associated works at the Jhiria West Open Cast Project in the Hasdeo Area of Bilaspur, Chhattisgarh, awarded by South Eastern Coalfields Limited.
| Coal Projects: | Value |
|---|---|
| Total Contract Value: | ₹798.19 crores |
| Project Location: | Bilaspur, Chhattisgarh |
| Awarding Authority: | South Eastern Coalfields Limited |
Kedia Portfolio Performance
Amid heightened market volatility, Vijay Kedia's 16-stock portfolio value declined to approximately ₹1,170 crores, marking a nearly 38% decline from ₹1,896 crores in December. Only three stocks in his portfolio delivered positive double-digit returns, while six stocks recorded steep declines ranging between 25% and 68%. However, his holding in TechD Cybersecurity doubled during the year, turning into a multibagger.
Business Operations
Patel Engineering operates in the infrastructure and construction space with expertise in large-scale civil projects including dams, tunnels, hydroelectric plants, highways, bridges, railways, and real estate development. The company's recent project acquisitions worth ₹2,498.19 crores demonstrate its continued ability to secure significant infrastructure contracts despite market challenges.
Historical Stock Returns for Patel Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.80% | +4.45% | +13.23% | -20.46% | -31.41% | +141.74% |
20
