Meanwhile, the BSE Sensex was down 4.66 points or 0.02% to 19,661.93
On BSE, 2.79 lakh shares were traded in the counter as against average daily volume of 19,538 shares in the past one quarter.
The stock gained as much as 2.59% at day's high of Rs 244.90. The stock hit a low of Rs 225 so far during the day. The stock had hit a 52-week high of Rs 288.50 on 7 February 2012. The stock had hit a 52-week low of Rs 206.25 on 30 August 2012.
The stock outperformed the market over the past one month till 9 January 2013, rising 4.37% compared with the Sensex's 1.25% rise. The scrip had, however, underperformed the market in past one quarter, falling 5.03% as against Sensex's 4.65% rise.
The mid-cap company has an equity capital of Rs 168.47 crore. Face value per share is Rs 5.
The Cabinet Committee on Economic Affairs (CCEA) today, 10 January 2013, approved disinvestment of 10% government stake in Engineers India in the domestic market. After this disinvestment, Government of India's shareholding in the company would come down to 70.4% from current 80.4%. EIL is a "Mini-Ratna" Central Public Sector Enterprise under the administrative control of the Ministry of Petroleum and Natural Gas. It is one of India's largest companies to provide design, engineering and related project management and consultancy services for the hydrocarbon sector and the process plants industry in the country.
The government had set itself a target of raising Rs 30000 crore in the year ending 31 March 2013 through the disinvestment process.
Engineers India's net profit rose 10% to Rs 161.25 crore on 19.3% fall in net sales to Rs 667.74 crore in Q2 September 2012 over Q2 September 2011.
Powered by Capital Market - Live News
