Latest news with #EngineersIndia
Mint
11-07-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 11 July 2025
Breakout stocks buy or sell: Uncertainty surrounding tariffs and investor caution ahead of the Q1 earnings season continued to pressure the Indian stock market, with benchmark indices Sensex and Nifty 50 extending losses for a second straight session on Thursday, July 10. The Sensex declined by 346 points, or 0.41%, to settle at 83,190.28, while the Nifty 50 slipped 121 points, or 0.47%, closing at 25,355.25. The BSE Midcap index also closed in the red, dropping 0.28%. In contrast, the BSE Smallcap index defied the overall negative trend, posting a modest gain of 0.12%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is cautious to positive as the Nifty 50 index is above 25,300 to 25,250. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index is facing hurdle at 25,550. On breaking above this resistance we can expect the 50-stock index to touch 25,700 and 26,200 soon. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Diamond Power Infrastructure, SPML Infra, Engineers India, Religare Enterprises, and PCBL Chemical. 1] Diamond Power Infrastructure: Buy at ₹ 161.98, target ₹ 400, stop loss ₹ 360; 2] SPML Infra: Buy at ₹ 273.80, target ₹ 292, stop loss ₹ 264; 3] Engineers India: Buy at ₹ 250, target ₹ 270, stop loss ₹ 240; 4] Religare Enterprises: Buy at ₹ 251, target ₹ 268, stop loss ₹ 242; 5] PCBL Chemical: Buy at ₹ 434.4, target ₹ 470, stop loss ₹ 419. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Reuters
02-07-2025
- Business
- Reuters
India plans new strategic oil reserve to enhance energy security
NEW DELHI, July 2 (Reuters) - India is exploring building three new strategic oil reserves to boost its emergency stockpile and strengthen energy security, the head of the company in charge of strategic reserves said on Wednesday. India, the world's third-biggest oil importer and consumer, imports more than 80% of its oil needs and is constantly diversifying its crude sources to mitigate the impact of geopolitical crises on its oil procurement. State-run engineering consultancy Engineers India Ltd ( opens new tab is doing feasibility studies to build the new reserves, Indian Strategic Petroleum Reserve Ltd's CEO L R Jain told Reuters. "In case of exigencies, we will be better prepared," he said. India currently has strategic petroleum reserves at three locations - Mangalore, Padur and Vizag - in southern India to store up to 5.33 million tons of crude that could be tapped in the case of supply disruptions. It plans to create a new 5.2 million-5.3 million ton reserve at salt caverns at Bikaner in the desert state of Rajasthan, and a 1.75-million ton facility at Mangalore in southern Karnataka state, he said. It will also create a reserve in Bina, central Madhya Pradesh state, with capacity yet to be decided, he said. After feasibility studies, the projects will require approval from the federal cabinet. They will come in addition to a new 2.5 million-ton strategic petroleum reserve at Padur and a 4 million-ton facility at Chandikhol in eastern Odisha state that have already been approved. India has over the years overhauled its policy on strategic petroleum reserves to allow private participation and commercialisation, mirroring the model adopted by countries such as Japan and South Korea which allow private lessees, mostly oil majors, to trade the crude. "We are looking for 90 days of reserves," Jain said. "And Indian fuel demand is also rising, so we need additional storage." Expanding oil storage capacity would also help India join the International Energy Agency, which requires its members to hold a minimum of 90 days of oil consumption. India's storage capacity, including that held by companies and in transit, is currently sufficient to meet its fuel demand for 75 days.
Time of India
09-06-2025
- Business
- Time of India
engineers india: I-Sec downgrades Engineers India to Add, raises target price to Rs 250
Cancel › › › › Text Size: A A A I-Sec downgrades Engineers India to Add, raises target price to Rs 250 Sign In Sign Up Success This article has been saved
Time of India
09-06-2025
- Business
- Time of India
I-Sec downgrades Engineers India to Add, raises target price to Rs 250
ICICI Securities downgraded Engineers India to Add (from Buy earlier) with a revised target price of Rs 250 (Rs 190 earlier). The current market price of Engineers India is Rs 231.45. Incorporated in 1965, Engineers India is a Mid Cap company with a market cap of Rs 13008.47 crore, operating in the Services sector. Engineers India's key products/revenue segments include Turnkey Project and Engineering Consultancy for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1046.58 crore, up 30.39 % from last quarter Total Income of Rs 802.66 Crore and up 22.22 % from last year same quarter Total Income of Rs 856.28 crore. The company has reported net profit after tax of Rs 242.31 crore in the latest quarter. The company's top management includes Shukla, Gopal, Vasantrao Patil, Madhusudan Joshi, Shanker Prasad Singh, Prakash Tomar, Mhaskey, Gupta, Agarwal, Gupta, Jindal, Kumar. Company has N K Bhargava & Co. as its auditors. As on 31-03-2025, the company has a total of 56 crore shares outstanding. Investment Rationale Engineers India has downgraded rating to ADD (from Buy) with a revised target price of Rs 250 on account of expensive valuations; valuing FY27E core PAT at 20x. Promoter/FII Holdings Promoters held 51.32 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.75 per cent, DIIs 10.76 per cent.
Economic Times
09-06-2025
- Business
- Economic Times
I-Sec downgrades Engineers India to Add, raises target price to Rs 250
ICICI Securities downgraded Engineers India to Add (from Buy earlier) with a revised target price of Rs 250 (Rs 190 earlier). The current market price of Engineers India is Rs 231.45. Incorporated in 1965, Engineers India is a Mid Cap company with a market cap of Rs 13008.47 crore, operating in the Services sector. ADVERTISEMENT Engineers India's key products/revenue segments include Turnkey Project and Engineering Consultancy for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1046.58 crore, up 30.39 % from last quarter Total Income of Rs 802.66 Crore and up 22.22 % from last year same quarter Total Income of Rs 856.28 crore. The company has reported net profit after tax of Rs 242.31 crore in the latest quarter. The company's top management includes Shukla, Gopal, Vasantrao Patil, Madhusudan Joshi, Shanker Prasad Singh, Prakash Tomar, Mhaskey, Gupta, Agarwal, Gupta, Jindal, Kumar. Company has N K Bhargava & Co. as its auditors. As on 31-03-2025, the company has a total of 56 crore shares outstanding. Investment Rationale Engineers India has downgraded rating to ADD (from Buy) with a revised target price of Rs 250 on account of expensive valuations; valuing FY27E core PAT at 20x. Promoter/FII Holdings Promoters held 51.32 per cent stake in the company as of 31-Mar-2025, while FIIs owned 6.75 per cent, DIIs 10.76 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
