Engineers India rises on Q4 profit surge, order inflow outlook

Engineers India

29/05/2023 07:52

** Shares of Engineers India Ltd  ENGI.NS  rise as much as
4.5% after co reports over 2x jump in Q4 net profit
    ** Co's current order book at 90.79 billion rupees; chairman
says expect to receive more orders from the Middle East
    ** About 6.7 mln shares traded by 12:07 p.m. IST, slightly
over 0.5x the 30-day avg - Refinitiv data
    ** Stock trading above its 50-, 100-, and 200-day
exponential moving average for 29 consecutive sessions
    ** Four analysts rate stock 'buy' or higher, one 'hold;'
median PT is 92.00 rupees
    ** Stock last up 3.5%, extending YTD gains to 37.3%

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))