Sell Engineers India, target Rs 102: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Engineers India Ltd. with a target price of Rs 102. The current market price of Engineers India Ltd. is Rs 108.6 Time period given by analyst is Intra Day when Engineers India Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 111. Engineers India Ltd., incorporated in 1965, has a market cap of Rs 6862.56 crore.

Engineers India Ltd. key Products/Revenue Segments include Engineering Consultancy which contributed Rs 1368.03 Crore to Sales Value (76.52 % of Total Sales), Turnkey Project which contributed Rs 408.29 Crore to Sales Value (22.84 % of Total Sales) and Other Operating Revenue which contributed Rs 11.26 Crore to Sales Value (0.62 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Standalone sales of Rs 612.61 Crore, up 6.17 % from last quarter Sales of Rs 577.00 Crore and up 20.19 % from last year same quarter Sales of Rs 509.71 Crore Company has reported net profit after tax of Rs 94.90 Crore in latest quarter. The company’s top management includes Mr.Ashish Chatterjee, Mr.B N Reddy, Mr.Chaman Kumar, Mr.Jagdish Chander Nakra, Mr.Lalit Kumar Vijh, Mr.Rajesh Kumar Gogna, Mr.Rakesh Kumar Sabharwal, Mr.Sandeep Poundrik, Mr.Sanjeev Kumar Handa, Mr.Sunil Bhatia, Mr.Umesh Chandra Pandey, Mr.Vikas Khushalrao Deshpande, Mr.Vipin Chander Bhandari, Mrs.Arusha Vasudev, Ms.Shazia Ilmi Malik, Prof. (Dr)Mukesh Khare. Company has Arun K Agarwal & Associates as its auditoRs As on 31-03-2019, the company has a total of 631,911,420 shares outstanding.