Nov 18, 2007

Fundamental Pick's ... 19/11/07

PATEL ENGINEERING LTD
The Engineering Expert

Introduction :

A dynamic and progressive Indian Engineering company committed to providing the entire range of civil engineering services involved in the design, construction of Power Houses, Hydroeletric Projects, Commercial Building, Industrial Complexes, Dams, Tunnels, Underground Structures, Steel and Concrete Structures, Bridges, Marine Works, Flyovers and National Highways in india & abroad.

Core Business Highlights :

Patel is a recognized leader in underground construction of Tunnels and Caverns of different shapes, sizes in various ecological and geological formations.

Global Contribution :
75 Dams
30 Hydro Electric Projects
30 Microtunneling Projects
130 Kms of Tunneling etc.

Business Outlook :

To Capitalize on our inherent strategic and strong position in Infrastructure Development.
To be a major Independent Power Producer.
To be a Pan India Real Estate Company.

Company Results :

Its second quarter results for the year ended 2008. The company has posted net profit of Rs 35.5 crore for the September quarter ended 2007 as against Rs 25.5 crore in same quarter of last year.Consolidated net sales stood at Rs 338.8 crore (Rs 3.38 billion) versus Rs 243.8 crore.

Stocktrendz Review :

The Company is a good investment bet for long term investors. The company is expanding in big way in sectors like realty,power & infrastructure

Buy Patel Engg -- Investment Target -- 1200 + ( 1 year hold )

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