Engineers India drops to 52-week low after weak Q1 results

Engineers India lost 4.55% to Rs 127.85 at 9:17 IST on BSE after net profit fell 16.17% to Rs 129.34 crore on 35.55% decline in total income to Rs 511.22 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced after market hours on Monday, 5 August 2013.

Meanwhile, the S&P BSE Sensex was down 99.81 points or 0.52% at 19,082.45.

On BSE, 648 shares were traded in the counter as against average daily volume of 14,744 shares in the past one quarter.

The stock hit a low of Rs 127 so far during the day, which is also its 52-week low for the counter. The stock hit a high of Rs 131 so far during the day. The stock had hit a 52-week high of Rs 257.45 on 12 October 2012.

The stock had underperformed the market over the past one month till 5 August 2013, declining 4.76% compared with the Sensex's 1.61% fall. The scrip had also underperformed the market in past one quarter, sliding 24.24% as against Sensex's 2.01% fall.

The mid-cap company has equity capital of Rs 168.47 crore. Face value per share is Rs 5.

Engineers India (EIL) was set up in 1965 to provide engineering and related technical services for petroleum refineries and other industrial projects. EIL is working under the administrative control of Ministry of Petroleum and Natural Gas (MoP&NG), Government of India. EIL has today emerged as Asia's leading design, engineering and turnkey contracting company providing a complete range of project services needed to conceptualize, plan, design, engineer and construct projects to meet the specific requirements of its clients in petroleum refining, petrochemicals, pipelines, offshore oil & gas, onshore oil & gas, terminals & storages, mining & metallurgy and infrastructure.

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