Navratna psu: Engineers India LTD, the Navratna Company of Civil Construction Sector, has received a project of Rs 1200 crore for an educational institution of national importance. After this big order, the stock saw light recovery but the stock slipped under the pressure of selling. This Navratna PSU Stock is trading at a 45 per cent fall from its 52 -week high.
Eil: What is the order of order
Engineers India (EIL) said in information given to the stock market on Monday that it has received a Rs 1200 crore project for the development of an educational institution of national importance. The company has not shared its details due to the confidentiality of the project.
Eil: sharp turmoil in stock
The stock of Engineers India started trading at Rs 167.70 on Monday (February 3). The stock was closed at 169.10 in the previous business session. By 12:20 pm, this government stock fell more than 5.2 per cent in the session to low on 160.
Talking about the performance of this PSU Stock, it is currently trading at about 45 percent discount from its 52 -week high (304 rupees). This stock has given 38 percent negative return throughout the year. While 2 years of return has been 92 percent. The company’s market cap on BSE was recorded more than Rs 9,020 crore.