Patel Engineering fell 2.72% to Rs 103.70 at 10:31 IST on BSE after net profit dropped 66.7% to Rs 2.07 crore on 4.7% decline in total income to Rs 723.54 crore in Q2 September 2014 over Q2 September 2013.
The result was announced after market hours on Friday, 21 November 2014.
Meanwhile, the BSE Sensex was up 94.26 points, or 0.33%, to 28,428.89
On BSE, so far 46,709 shares were traded in the counter, compared with an average volume of 1.30 lakh shares in the past one quarter.
The stock hit a high of Rs 107.80 and a low of Rs 103.50 so far during the day. The stock hit a 52-week high of Rs 152.50 on 11 June 2014. The stock hit a 52-week low of Rs 40.70 on 27 November 2013.
The stock had outperformed the market over the past one month till 21 November 2014, surging 22.6% compared with the Sensex's 6.62% rise. The scrip, however, underperformed the market in past one quarter, rising 4% as against Sensex's 7.49% rise.
The small-cap company has an equity capital of Rs 7.68 crore. Face value per share is Re 1.
Patel Engineering's works span tunneling, underground works for hydropower generation, irrigation and urban infrastructure projects.
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