The stock is up by 18 per cent from its 52-week low of RS 1,280 per share and gave multibagger returns of over 330 per cent in 3 years.

The engineering industry in India serves as a vital driver of economic development and industrial growth, contributing significantly to the GDP and exports.

The stock has a low PE multiple of 11.78 whereas industry PE multiple is 37.7 and high ROE of 30.42 per cent respectively.

The stock skyrocketed more than 145 per cent in five years.

Post the pandemic-driven slowdown, engineering companies in India are now working hard towards increasing both their domestic and global footprint. Meanwhile, several government initiatives and the need for infrastructure development is providing a huge boost to this sector. In this article, Shreya Chaware highlights the key trends and prospects of engineering sector.