Engineers India slips after muted Q1 outcome

Engineers India fell 1.04% to Rs 237.50 at 10:58 IST on BSE after net profit rose 4.2% to Rs 154.29 crore on 15.7% fall in net sales to Rs 719.99 crore in Q1 June 2012 over Q1 June 2011.

The result was announced after market hours on Wednesday, 1 August 2012.

Meanwhile, the BSE Sensex was down 68.16 points or 0.39% to 17,189.22

On BSE, 7,739 shares were traded in the counter as against average daily volume of 20,409 shares in the past one quarter.

The stock hit a high of Rs 237.95 and a low of Rs 235.40 so far during the day. The stock had hit a 52-week high of Rs 288.50 on 7 February 2012. The stock had hit a 52-week low of Rs 195 on 19 December 2011.

The stock had outperformed the market over the past one month until 1 August 2012, rising 7.77% compared with the Sensex's 0.99% fall. The scrip, however, underperformed the market in past one quarter, falling 4.74% as against 0.35% decline in the Sensex.

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

Engineers India is a total solutions consultancy company and EPC (engineering, procurement, and construction) contractor in the fields of petroleum refining, petrochemicals, pipelines, oil & gas terminal & storages, mining & metallurgy and infrastructure projects. The company has diversified into newer areas such as nuclear, solar & thermal power, water & solid waste management, city gas distribution and fertilizers.

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