stock zoomed 8% after the company’s PAT increased by 27% to Rs 119 crore in Q2 FY18.
The company’s standalone revenue for the quarter came in at Rs 429 crore, registering 26.6% yoy increase.
This was primarily driven by revenue growth in Consultancy & Engineering projects and Turn Key projects by 21.1% and 50.2%
Engineers India Ltd is currently trading at Rs 170.65, up by Rs 12.7 or 8.04% from its previous closing of Rs 157.95 on the BSE. The scrip opened at Rs 160 and has touched a high and low of Rs 173.3 and Rs 160 respectively.
The stock is currently trading above its 200 DMA.