Stock in focus: This small-cap construction company receives an order worth Rs 31.50 crore!
The PE multiple of the stock is 13.48x, while the PE multiple for the sector is 25.3x and an ROE of 15.46 per cent.
Engineers India Ltd (BSE Script Code: 532178; NSE Script Code: ENGINERSIN) announced that it has received an order from ADNOC Offshore, Abu Dhabi, UAE for minor engineering works for offshore facilities. The project is worth Rs 31.50 crore and it will be completed in 10 months.
On Friday, shares of EIL plunged 0.04 per cent to Rs 74.25 per share with an intraday high of Rs 75.70 and an intraday low of Rs 74.10. The stock has a 52-week high of Rs 90.75 and a 52-week low of Rs 55.95.
Engineers India Ltd (EIL) is a leading global engineering consultancy and EPC company owned by the Government of India and managed by the Ministry of Petroleum and Natural Gas (MoPNG). EIL's primary focus is on engineering consultancy and EPC services for the oil and gas and petrochemical industries. The company also reported positive sets of results in its quarterly and annual consolidated financial statements.
The PE multiple for EIL is 13.48, while the PE multiple for the sector is 25.3 and an ROE of 15.46 per cent. The stock generated more than 20 per cent gains in just six months.
Investors should keep an eye on this stock.