Engineers India stock zooms 8% after Q2 FY18 PAT rises 27%

The company’s standalone revenue for the quarter came in at Rs 429 crore, registering 26.6% yoy increase.

Oct 26, 2017 07:10 IST India Infoline News Service

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Engineers India 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.

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