The share of Patel Engineering Limited in these two orders aggregates to Rs.
Patel Engineering Ltd | CMP: Rs 23.25 | Patel Engineering Limited zoomed 12 percent before paring some of the gains to close 9.4 percent higher after the company along with joint venture partners bagged Rs 311.13-crore Tumkur branch canal and Rs 998.75-crore Sher micro–irrigation projects. The firm reported a 24 percent increase in standalone net profit, amounting to Rs 853 crore, in the March quarter, up from Rs 690 crore last year. Cholamandalam Investment and Finance Company | CMP: Rs 950.40 | The Murugappa Group firm Cholamandalam Investment and Finance Company closed nearly 7 percent higher after reporting higher-than-expected earnings. Take a look at the top gainers and losers of the day: Petronet LNG | CMP: Rs 227.05 | The shares of Petronet LNG slumped 4 percent after the liquified natural gas importer posted an 18.1 percent year-on-year decline in standalone profit at Rs 614.25 crore for the March quarter, dented by weak operating numbers.
About 2,195 shares advanced, 1,242 declined and 110 remained unchanged. The Sensex zoomed 555 points to 61,749 and the Nifty gained 166 points to touch 18,255.80. The market shunned the sluggishness of the early trade to close almost a percent higher on May 4.
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