Best Stocks to Buy Today : IIFL Securities's call on Engineers India

IIFL Securities has issued a buy recommendation for Engineers India Ltd. with a target price of Rs 238, implying an upside potential of 2.8%. The current market price of the stock is Rs 231.35. The recommendation is based on the company's strong order book, healthy cash flows, and attractive valuations. Engineers India is a leading provider of engineering, procurement, construction, and management services in the hydrocarbon sector. The company's order book currently stands at around Rs 10,000 crore, providing strong revenue visibility in the coming quarters.

About Engineers India:

Engineers India (EIL) is a public sector engineering and management consulting firm headquartered in New Delhi, India. Listed on the National Stock Exchange (NSE), EIL provides engineering, procurement, construction, and management services to the government and private sector in industries such as petroleum, gas, petrochemicals, refineries, pipelines, and power plants. With operations in over 85 countries, EIL offers a comprehensive suite of services, including project management, feasibility studies, design, engineering, procurement, construction supervision, commissioning, and maintenance. The company has a strong track record of successful project execution and is renowned for its technical expertise, quality standards, and commitment to safety.

52 Week Price Trend:

Engineers India Limited (EIL), a government-owned engineering consultancy and project management company, is currently trading at Rs 231.35, representing a significant increase from its 52-week low of Rs 70.05. However, it is still below its 52-week high of Rs 273.9. This indicates that while the stock has experienced a strong recovery, it still has room for further growth. EIL's financials and industry outlook are expected to drive its future performance, making it an interesting stock to watch for investors seeking opportunities in infrastructure and engineering sectors.

Stratzy's MOST Analysis:

According to Stratzy's MOST framework, ENGINERSIN has received a "BB" rating. The MOST framework evaluates companies based on four pillars: Management, Outlook, Safety, and Trend. Each pillar is assigned a score, and the overall rating is a combination of these scores. A "BB" rating indicates that ENGINERSIN has medium fundamental risks. This means that investors should exercise caution when investing in ENGINERSIN and should conduct thorough research before making any investment decisions.

Company's Fundamentals:

Engineers India (NSE: ENGINERSIN) is a government-owned engineering and consultancy company listed on the National Stock Exchange (NSE). The company's current stock price-to-earnings (PE) ratio is 23.38, indicating that investors are paying ₹23.38 for every rupee of earnings. The price-to-book (PB) ratio of 5.62 suggests that the stock's market price is 5.62 times its book value, or the value of its assets minus liabilities. Additionally, Engineers India offers a dividend yield of 1.39%, meaning that investors would receive ₹1.39 in dividends for every ₹100 invested in the stock.

Fundamental and Technical information provided in this blog were last updated on 06 Apr, 2024

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