Engineers India extends rally on good Q2 earnings

The stock hit fresh 52-week high of Rs 190, up 5%, extending its past three days 19% surge on the BSE.

Engineers India hit fresh 52-week high of Rs 190, up 5%, extending its 19% surge of the last three days on the BSE, after the company reported a good set of numbers with net profit and revenues growing more than 25% in July-September 2017 quarter (Q2FY18).

The net profit of the company increased by 27% at Rs 119 crore in Q2FY18 against Rs 94 crore in the corresponding quarter of the previous fiscal year. Revenue from operations grew 26% to Rs 429 crore from Rs 339 crore in the same quarter year ago.

The revenue growth was driven