Market Update: Strategic Acquisition in Patel Engineering Veteran investor Vijay Kedia has reported a new 1.01% equity stake in Patel Engineering, marking a significant entry into the infrastructure player. This move follows a period of notable volatility for the small-cap stock, which has seen its market value decline by more than 40% over the trailing twelve months. Despite the recent share price correction, the company’s operational pipeline remains robust. Patel Engineering recently successfully tendered for high-value infrastructure projects, securing contracts for hydropower developments and coal mining operations. These new mandates are cumulatively valued at over Rs 2,400 crore, strengthening the firm’s long-term order book.