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Engineers India eyes best day since May 2023 as Q2 profit doubles

By Reuters News

** Shares of Engineers India ENGI.NS jump 14.5% to 288.45 rupees

** Stock set for biggest daily pct rise since May 2023

** Engineering consultancy's Q2 consolidated profit doubles to 2 billion rupees ($21.08 million), even as revenue drops 10.5%

** ICICI Securities says outlook for co encouraging as it achieved fiscal year 2027 order inflow forecast of 80 billion rupees in the first half itself

** More than 20 million shares change hands, ~3.5x of 30-day average daily volume

** Stock rated "strong buy" on average by six brokerage firms, median PT at 302 rupees, per data compiled by LSEG

** YTD, ENGI up 43%



($1 = 94.8550 Indian rupees)

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