7 hrs ago
Engineers India stock rises 21% in a month
Engineers India Limited (EIL) is a company that has seen its stock price go up by 21% in just one month.
This is because the company's consultancy services are doing really well, with a 22% increase in revenue compared to last year.
The company is also expecting to get a lot of new orders, worth Rs 8,000 crore, in the next fiscal year.
A brokerage firm, 360 ONE Capital, has increased its earnings estimates for EIL.
Additionally, a technical analyst from Axis Direct has said that the stock is in a strong uptrend and could go up to Rs 330.
The government owns more than half of the company, which is a state-run engineering consultancy firm.
Engineers India Limited (EIL) stock has gained over 21% in a month.
Consultancy revenue grew 22% year-on-year with expanded segment margins.
EIL has retained its Rs 8,000 crore FY27 order inflow and 10% plus revenue growth guidance.
360 ONE Capital increased its FY27E EPS estimates by 8.5% while keeping FY28E estimates unchanged.
Technical analysis suggests an upside range of Rs 300-330 with support at Rs 270-265.
- Who
- Engineers India Limited (EIL)
- What
- Stock price increase and positive brokerage outlook
- Where
- India
- When
- Over the past month
- Why
- Strong consultancy revenue growth and positive technical outlook
Key facts
- Stock Gain
- 21% in a month
- Consultancy Revenue Growth
- 22% year-on-year
- Segment Margins
- Expanded
- Order Inflow Guidance
- Rs 8,000 crore for FY27
- Revenue Growth Guidance
- 10% plus
- Brokerage Target
- Rs 300-330 upside range
- Government Stake
- 51.32% as of June 2026
Quotes
Rajesh Palviya
Head of Research at Axis Direct
“It has decisively surpassed the 'multiple resistance' zone of Rs 267 on a closing basis, accompanied by huge volumes indicating increased participation.”
businesstoday.in
“Investors should consider buying, holding, and accumulating this stock.”
businesstoday.in
Sources
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