Engineers India jumped 3.60% to Rs 315.10 at 9:23 IST on BSE on reports the company has won its largest ever consultancy contract for a 20 million tonne oil refinery in Nigeria.
Meanwhile, the BSE Sensex was up 112.56 points, or 0.45%, to 25,358.81.
On BSE, so far 51,000 shares were traded in the counter, compared with an average volume of 1.78 lakh shares in the past one quarter.
The stock hit a high of Rs 322 and a low of Rs 313 so far during the day. The stock hit a 52-week high of Rs 329 on 9 June 2014. The stock hit a 52-week low of Rs 121.15 on 20 August 2013.
The stock had outperformed the market over the past one month till 18 June 2014, rising 16.58% compared with 4.66% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 60.84% as against Sensex's 15.64% rise.
The large-cap company has an equity capital of Rs 168.47 crore. Face value per share is Rs 5.
According to reports, Engineers India won a $139 million contract from Nigerian company Dangote Group to provide services for a refinery and polypropylene plant. This is the largest ever single consultancy assignment for Engineers India, reports added.
Engineers India's net profit fell 42.69% to Rs 103.55 crore on 7.61% decline in total income to Rs 571.61 crore in Q4 March 2014 over Q4 March 2013.
Engineers India 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.
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