New Delhi, Nov. 2 -- Shares of Engineers India Ltd (EIL), a state-owned company, closed Monday's trading session with a sharp 15% surge to settle at a two-week high of Rs.290 apiece, as investors cheered the company's upbeat September-quarter performance.

The rally also lifted the stock's gains in 2026 to 44%. If it closes the year in positive territory, it will mark the fifth consecutive year of gains for the stock.

For the September quarter, the company reported a net profit of Rs.180 crore, a 66% increase over the previous quarter, supported by improved operating performance and strong business momentum.

In the first quarter, the company had reported a net profit of Rs.108.5 crore. In terms of operating performance, EBITDA, includin...