52-week high alert: This PSU company has an order book worth Rs 6079 crore, do you have it?
Shares rose from Rs 61.05 to Rs 124.25 in just one year, giving investors a multibagger return.
Today, shares of Engineers India Ltd (EIL) hit a 52-week high of Rs 124.25 on the BSE today, as investors continued to pile in on the stock. The company's order book stands at Rs 6,079 crore, with 85.83 per cent of it coming from the Hydro segment. The remaining order book is spread across CHFER (8.46 per cent), Infra (5.15 per cent), metals (0.56 per cent), and power (0.56 per cent).
The strong order book and investor interest are being driven by the company's strong track record in the civil construction sector. EIL is a leading player in the construction of hydroelectric projects, and it has also been involved in the development of several major infrastructure projects in India.
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At present, the shares are trading at Rs 120.50 up by 0.75 points or 0.63 per cent. The shares opened at Rs 121.50 and hit a day high and low of Rs 124.25 and Rs 119.35 respectively.
The company's shares have been on a tear in recent months, and they are now trading at their highest level in over two years this is a clear sign that investors are bullish on EIL's future prospects.