Engineers India gained 2.47% to Rs 266 at 09:18 IST on BSE after net profit rose 21.42% to Rs 93.75 crore on 22.6% decline in total income to Rs 394.98 crore in Q2 September 2016 over Q2 September 2015.
In a separate announcement, Engineers India said that its board approved 1:1 bonus issue of shares. The announcement was made after market hours yesterday, 16 November 2016.Meanwhile, the S&P BSE Sensex was up 101.72 points or 0.39% at 26,400.41
On BSE, so far 29,000 shares were traded in the counter as against average daily volume of 2.20 lakh shares in the past one quarter. The stock hit a high of Rs 269 and a low of Rs 263.15 so far during the day. The stock had hit a 52-week high of Rs 279 on 25 October 2016. The stock had hit a 52-week low of Rs 143.25 on 17 February 2016.
The mid-cap company has equity capital of Rs 168.47 crore. Face value per share is Rs 5.
State-run Engineers India provides engineering consultancy and EPC services, mainly to the oil and gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar and nuclear power and fertilizers to leverage its strong technical competencies and track record. The government of India holds 59.37% in Engineers India (as per shareholding pattern as on 30 September 2016).
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
