Patel Engineering Ltd. share price target

It has an order book of 15,123 crore as of Q3FY26, implying 2.9x book to bill. Q3FY26 Performance: Patel Engineering reported consolidated revenue of 1,239 crore, up 2.8% YoY, reflecting subdued execution. Operating EBITDA came in at 145 crore, with an EBITDA margin of 11.7%, down 357 bps YoY. PAT stood at...

Q2FY26 Performance: Patel Engineering reported consolidated revenue of 1208.4 crore, up 2.9% YoY, due to subdued execution. Operating EBITDA came in at 159 crore with EBITDA margin at 13.1%, down 27 bps YoY. PAT stood at 73 crore, flat YoY, also affected due to provision of 31 crore made for settlement of claim,...

Strong position in infrastructure growth

Strong Presence in segment like Hydro Power, Irrigation which has big
opportunity: Hydro power, tunnelling and irrigation segment constitute
~93% of the Company’s Orderbook

PATELENG, recently experiencing a significant downturn, is currently hovering around the 56 mark, closely mirroring its 200- day Simple Moving Average (SMA). Despite a recent reversal from a bullish bat pattern, the stock has entered a corrective phase over the past 4-5 trading sessions. Interestingly, during this correction, the size of the downward candles has been relatively small, suggesting a potential alleviation of selling pressure. Consequently, there appears to be an opportunity for investors to BUY within the range of 56-58, with an upside target of 66.