Stock of Interest

Posted On: August 24, 2023

Stock Report: ENGINERSIN(NSE) 23 Aug 2023 

Engineers India Ltd is an India-based company that provides engineering consultancy as well as engineering, procurement, and construction services. The company’s customers primarily come from sectors including oil and gas, petrochemicals, infrastructure, water and waste management, solar and nuclear power, fertilizers, and so on. Also, the company is involved in businesses that provide certification, third-party inspection services, and technical services through two subsidiaries: Certification Engineers International and EIL Asia Pacific. The company secures the majority of its orders from the Indian domestic market. The Indian government owns a majority stake in the company. 

#xCalData predicts that #ENGINERSIN will continue its bullish phase over the next five days and trend within the range of 161 to 172. 

In comparison to the previous month, the price of the stock has experienced an increase of 21.56% indicating a bullish. 

The Stock has doubled once since 25 Aug 2015 and took an average of 1.6 years to double.    

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

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