Engineers India Ltd _ On a Multi Year Break out

10 giu 2023

Engineers India Ltd is a company engaged in construction and maintenance of industrial facilities such us refineries, chemical plants etc and also engaged in architectural and engineering activities and also related in technical consultancy . Now having good number of orders from different projects of IOCL, BORL-refinery expansion . Also focussing in new verticals like hydrogen, biofuel etc and also planning to expand its export presence in middle east Africa and South America . A debt free company with zero promoter pledge. Price is near at 52 week high now and if momentum supports multi year breakout can happen . Expecting a movement above 150 levels in 3-6 months time