Buy Engineers India(ENGINERSIN)265 for next 2-3 yrs. Target 350+
EIL reported good set of numbers for Q1FY17 results.EIL is a zero debt company with ~60% promoter stake.Its order inflows improved
significantly in the quarter (highest in past eight quarters) driven by domestic hydrocarbon business companies like IOC,HPCL,BPCL etc.
Management provided encouraging outlook for the domestic business and expects significant pickup in order flows over 9MFY17/FY18.
Management increased its FY17 order flows guidance to Rs 35 Bn from Rs 20 Bn.
For the next 2-3 years EIL is going to outperform significantly. One can blindly buy and hold it for 2-3 years. One can expect 350+ in EIL in next 2 years.
EIL reported good set of numbers for Q1FY17 results.EIL is a zero debt company with ~60% promoter stake.Its order inflows improved
significantly in the quarter (highest in past eight quarters) driven by domestic hydrocarbon business companies like IOC,HPCL,BPCL etc.
Management provided encouraging outlook for the domestic business and expects significant pickup in order flows over 9MFY17/FY18.
Management increased its FY17 order flows guidance to Rs 35 Bn from Rs 20 Bn.
For the next 2-3 years EIL is going to outperform significantly. One can blindly buy and hold it for 2-3 years. One can expect 350+ in EIL in next 2 years.
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