Patels Airtemp at 52-week high

The stock is now trading higher by 16.5 per cent.

Dec 03, 2014 04:12 IST India Infoline News Service

Patel Airtemp (India) is trading on a gung-ho note after the company received an export order worth Rs. 56 core.

Yesterday, after market, the company informed that Patels Airtemp secured an order to export air cooled heat exchangers, under International competition to supply to Venezuela (South America).

The stock opened with a surge of 10.7 per cent at Rs. 170. Soon, the stock has moved higher and touched a high at Rs. 179.40 - up 16.8 per cent.

Now, the stock is up 16.5 per cent at Rs. 179. On the BSE counter, so far, 97,000 shares are traded, against its two-week daily average volume of 38,000 shares.

Meanwhile, the BSE Sensex is marginally in red at 28,449.

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