Engineers India Ltd up by 14.93 percent - Traders Corners | Espresso

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Espresso Shot of the Day - Engineers India Ltd up by 14.93 percent

May 03, 2023
Espresso Shot of the Day - Engineers India Ltd up by 14.93 percent

ENGINEERS INDIA LTD 94.97 (+14.93%) BSE – INE510A01028 | 3rd May2023

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Engineers India Ltd (EIL), a Navratna PSU, is one of the leading design and engineering organizations in South Asia. Established in 1965, EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The Company has also diversified into sectors like Infrastructure, Water and Waste Management, Solar & Nuclear Power and Fertilizers to leverage its strong technical competencies and track record. Today, EIL is the only ‘Total Solution’ engineering consultancy company in India providing design, engineering, procurement, construction and integrated project management services from ‘Concept to Commissioning’ with highest quality and safety standards. It also provides specialist services such as heat and mass transfer equipment design, environmental engineering, specialist materials & maintenance and plant operations & safety services.


Recent Drivers

  • Engineers India Ltd (EIL) secured business worth Rs. 4,500 crores in 2022-23, a 165% jump over the Rs.1,700 Crores secured in the previous year, as it deepened its presence in the traditional hydrocarbon sector and made inroads into emerging areas of green hydrogen and niche chemicals, the company said in a statement on April 17,2023.
  • Abu Dhabi's national oil producer ADNOC, has awarded a contract worth Rs.31.50 crores to Engineers India Limited on April 8,2023.
  • On February 3,2023, the company reported a quarterly net profit of Rs.16.12 crores in December 2022.
  • On February 3,2023, the company reported a quarterly net sale of Rs. 842.18 crores in December 2022 up 21.68% from Rs. 692.11 crore in December 2021.
            (Sources: Exchange, Money control, Business Standard)­


Technical Force*

  • S&P BSE 500 month till date gain by 0.39%.
  • Traded on new 52 Week High value 97.50.
  • Spurt in Volume by more than 20.06 times.
  • 3 months avg. BSE volume: 148,563
  • Quantity traded: 36,39,612| Deliverable quantity: 14,36,555 (39.47%).
  • Stock price jumped by more than 60 % from a one-year low level: 55.95 (June 17, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 97.50| 52-week-low: 55.95


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

124.25

106.00

92.45

74.20

60.65

42.40

28.85

-

Fibonacci Pivot

106.00

93.85

86.35

81.51

74.20

66.89

62.05

54.55

42.40


Today’s Close

94.97

SMA

BSE

10 DAY

82.89

20 DAY

78.94

50 DAY

76.43

200 DAY

73.99


Some Key Ratios (Source: BSE)

Market Cap:  5,337.72 Crores

PE: 17.23

OPM%: 8.70

ROE%:  15.46

Promoters holding%: 51.32

Prev. Close:  82.63


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.