Patel Engineering shares fell nearly 5% to Rs 35.58 on Friday after a sharp two-day rally. The stock had surged nearly 20% earlier in the week following the award of coal excavation and transportation contracts worth Rs 798.19 crore for the Jhiria West OCP in Chhattisgarh by SECL, with a nine-year execution period.
Rupee has scope to stabilise, appreciate: RBI deputy governor Poonam Gupta
“One may think of the cumulative depreciation of the INR in the past year and a half to be a temporary phenomenon,” she said. “If