TheScreener - Engineers India Ltd. (ENGINERSIN) ENGINEERS INDIA suffers a double requalification, which weighs heavily on its rating, now at Neutral.

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EUR 13.72 For Business Accounts Only

ENGINEERS INDIA suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of ENGINEERS INDIA (IN), active in the Heavy Construction industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date February 18, 2022, the closing price was INR 64.95 and its target price was estimated at INR 59.16.

19/02/2022 1 EN

Underlying

Engineers India Ltd.

Engineers India Limited (EIL) is an engineering consultancy, and engineering, procurement and construction (EPC) company in the hydrocarbons and petrochemicals industry. The Company's segments are Consultancy & Engineering Projects, and Turnkey Projects. Its services include technologies, pre-Front End Engineering Design (FEED) and FEED, project management, procurement services, construction services and specialized services. The Company focuses on various sectors, including fertilizer and liquefied natural gas (LNG), non-ferrous metallurgy, infrastructure, strategic crude oil storage, nuclear and solar energy, and exploration and production. It offers various technologies for petroleum refining, oil and gas processing, and aromatics. The Company's projects include Guru Gobind Singh Refinery Project, Bina Refinery Project, Panipat Naphtha Cracker Project, Dabhol Bangalore Pipeline Project, Phase II Expansion of Alumina Refinery and Deen Dayal Field Development Project.

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INE510A01028 National Stock Exchange of India India

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ENGINEERS INDIA suffers a double requalification, which weighs heavily on its rating, now at Neutral.

Empowering Investors

MOSL: ENGINEERS INDIA (Buy)-Revenue misses our estimate; order inflows robust

Engineers India's Q3FY20 results (Outperformer) - Strong execution but margins fall

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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