Engineers India rises over 4% on sharp uptick in order wins in FY2023

Engineers India

18/04/2023 06:32

** Shares of Engineers India Ltd  ENGI.NS  rise as much as
4.07% to 78 rupees, their highest in over a month
    ** Rise comes after the engineering, procurement and
construction (EPC) company secures orders worth 45 bln rupees in
2022-23, a 165% rise year-on-year
    ** Trading volume is 1.05 mln shares as of 10:52 a.m. IST,
0.7x the 30-day avg of 1.41 mln shares
    ** Of the five analysts tracking ENGI, four maintain "buy"
and one suggests "hold"; median TP is 92 rupees - Refinitiv data




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))