Engineers India jumps on upbeat comments on Nigeria refinery capacity

Engineers India

12/09/2024 07:31

** Shares of Engineers India  ENGI.NS  rise as much as 6.5%
to 223.99 rupees
    ** Co says Dangote refinery in Nigeria operating at 65%-70%
capacity, with full capacity expected in 3-4 months
    ** Sees Mongolia refinery mechanically completed by end of
2025/26
    ** More than 11.3 mln shares traded as of 11:44 a.m. IST,
busiest day yet in Sept.
    ** Mean rating of 6 brokerages rating the stock is "buy";
their median PT is 245 rupees - LSEG data
    ** ENGI last up 5.5%, adding to YTD gains of ~29% so far, on
track to rise for 3rd straight year
 
 ($1 = 83.9775 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))