Engineers India hits highest in 1-1/2 yrs

Engineers India

20/01/2023 08:23

** Shares of Engineers India  ENGI.NS  rise as much as 6.2%
to 89.35 rupees, their highest level since June 8, 2021
    ** Share price is above 50-day, 100-day and 200-day
exponential moving averages, suggesting bullish trend
    ** More than 16.6 mln shares change hands by 1:30 p.m. IST,
3.7x the 30-day avg of 4.5 mln shares
    ** All six analysts covering the stock have a "buy" or
"strong buy" rating; median PT is 90 rupees - Refinitiv data
    ** Stock was up 12.64% last year
 (Reporting by Biplob Kumar Das and Ashish Chandra in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))