Engineers India has rallied 6% to Rs 245 on the BSE after the company reported 50% year-on-year (YoY) jump in net profit at Rs 80 crore for the quarter ended June 30, 2016 (Q1FY17), despite fall in operational income.
The stock gave a consolidation breakout after holding the support near Rs 270 zones from last nine trading sessions. It formed a Marubuzo candle on daily chart and snapped the losses of previous two weeks.
Engineers India has moved higher by 2.3% at Rs 199, recovering 4% from its early morning low of Rs 191 on the BSE, after the offer for sale by the government as a part of its disinvestment drive got oversubscribed.
Shares of Engineers India (EIL) were trading lower by 1% at Rs 192 on the BSE in early morning trade, extending its previous day’s 5% decline, after the government proposed 10% stake sale in the company through the offer for sale (OFS) which begins
Shares of Engineers India has dipped 5% to Rs 224 on the BSE after the company reported 29% year-on-year (Y-o-Y) decline in net profit at Rs 56.80 crore for the first quarter ended June 30, 2015 (Q1), due to lower operational income.
Shares of Engineers India escalated nearly 4% to Rs 205 on the Bombay Stock Exchange (BSE) after the company announced that its Abu Dhabi office has received orders worth Rs 150 crores from clients in Middle East, till date in the current fiscal
Engineers India has tanked nearly 11% to Rs 242 on NSE after reporting a sharp 47% year-on-year (yoy) drop in net profit at Rs 58.78 crore for the second quarter ended September 2014 (Q2), due to lower operational income.
Engineers India Ltd (EIL) has won its largest ever overseas consultancy contract for a 20 million tonne oil refinery in Nigeria as it looks at markets abroad to more than double its revenue to $ 1 billion in the next 3-4 years.
The Rs 500-crore follow-on public offer of state-run Engineers India would remain open till February 12, due to the nationwide two-day bank employee strike. The issue, which has been fully subscribed, was supposed to close on Monday.