Engineers India rose 3.2% to Rs 204.60 at 11:07 IST on BSE after the company said that its Abu Dhabi office has till date in the current year secured orders worth Rs 150 crore from clients in Middle East.
The announcement was made after market hours yesterday, 10 June 2015.
Meanwhile, the S&P BSE Sensex was down 217.33 points or 0.81% at 26,623.17.
On BSE, so far 78,000 shares were traded in the counter as against average daily volume of 90,368 shares in the past one quarter.
The stock hit a high of Rs 208.05 and a low of Rs 201.20 so far during the day. The stock had hit a 52-week high of Rs 331 on 3 July 2014. The stock had hit a 52-week low of Rs 178.10 on 7 May 2015.
The stock had outperformed the market over the past one month till 10 June 2015, surging 5.54% compared with Sensex's 0.98% fall. The scrip had also outperformed the market in past one quarter, sliding 5.21% as against Sensex's 6.51% fall.
Also Read
The mid-cap company has equity capital of Rs 168.47 crore. Face value per share is Rs 5.
Engineers India said that its Abu Dhabi office has till date in the current year secured orders worth Rs 150 crore from clients in Middle East. These orders are from the oil and gas companies as well as through EPC contractors for providing engineering services. The company has expanded its office in Abu Dhabi to cater to its clients in the region. The office has state-of-art facilities and has been well appreciated by the clients, Engineers India said in a statement.
Engineers India's net profit rose 5.1% to Rs 108.87 crore on 1.3% decline in net sales to Rs 488.54 crore in Q4 March 2015 over Q4 March 2014.
Engineers India (EIL) is one of the leading design and engineering organizations in South Asia. EIL provides engineering consultancy and EPC services principally focused on the oil & gas and petrochemical industries. The company has also diversified into sectors like infrastructure, water and waste management, solar & nuclear power and fertilizers.
Powered by Capital Market - Live News