PSU Stock Crashes 10% After Reporting 43% QoQ Decline in Q4 Net Profit
India, May 22 -- The shares of this company offer consultancy and engineering services and execute turnkey projects covering the full lifecycle from concept, planning, design, engineering, procurement, and construction, are in the spotlight after it fell by 10 percent in today's session following its Q4 results.
With a market capitalisation of Rs. 12,350 cr, the shares of Engineers India Ltd were trading at Rs. 219.55 per share, falling 10% in today's session, making a low of Rs. 213.45, down from its previous close of Rs. 237.10 per share.
The stock delivered a return of 10% over the last year and 8.5% year-to-date, while gaining 11% over the past six months. However, it has declined by 10.5% in the last month, indicating some recent...
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