Patel Engineering's gain fuels talk of revival in infra sector

The share price of Patel Engineering has gained close to 9% over the past 10 days on talks that the company is likely to receive an order worth Rs 250 crore.

While the company did not revert to a query on the same, the development has infused a sense of optimism about the sector.

Analysts tracking the sector are of the view that other companies such as Reliance Infra and HCC are also beginning to see an uptick in their order books.

Analysts expect the infra sector to be ‘reflated’ going forward, particularly when interest rates start peaking out. With the government also signalling that it is getting back on track, there is anticipation of rollout of more orders at the state and central level.

Contributed: by Deeptha Rajkumar