Technically the stock is in bullish zone. The shares of Sree Rayalaseema jumped higher on Thursday trading session with huge surge in volume indicating interest of investors and momentum traders. 

Clubbed with FII buying and positive earnings, several stocks are witnessing a price volume breakout in recent trading sessions.

On Wednesday, Indian equity markets witnessed volatility with Sensex closing in red and Nifty 50 in green. 

The stock climbed more than 4 per cent when the market was trading volatile on Wednesday.

Due to mixed sentiments on Wednesday among Asian counterparts, the Indian markets traded on the lower side. Broad-based selling pressure during June 2022 quarterly earnings pulled down the major indices like Sensex and Nifty 50.

As trading resumed after the public holiday, the significant equity barometers are trading with modest gains in the early trade. The shares of pharma, healthcare, and private banks rose while those of IT, oil & gas, and real estate fell. Asian stock prices are seen falling this morning.

The company has also announced dividends of Rs 3.5 per share that have a face value of Rs 2 per share with a record date fixed on August 22.   

The shares of Patel Engineering closed at Rs 24.70 per share, higher by more than 3 per cent on Monday trading session, on a closing basis.

The stock has made a 52-week high recently on July 29 and in one week again crossed its all-time high.

Its shares traded at Rs 75.10 at the time of market closing on August 8.