Shares of Engineers India rose almost 5% right now after the engineering consultancy agency stated it gained an task from Mundra Photo voltaic Know-how Restricted (a bunch firm of Adani Enterprises Ltd.), in one of many area of interest sectors of Polysilicon manufacturing, which is the first element for manufacturing Photovoltaic panels.
Inventory of Engineers India rose 4.64% to Rs 84.40 in opposition to the earlier shut of Rs 80.65 on BSE. The inventory opened decrease at Rs 79.75.
It has gained after 2 days of consecutive fall. Engineers India is buying and selling larger than 5 day, 20 day, 50 day, 100 day and 200 day shifting averages. Engineers India inventory has gained 15.1% in a yr and risen 17.16% in 2022.
Whole 6.74 lakh shares of the agency modified arms amounting to a turnover of Rs 5.58 lakh on BSE. Market cap of the agency rose to Rs 4,622 crore on BSE.
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The inventory hit a 52 week excessive of Rs 86.45 on November 28, 2022 and fell to a 52 week low of Rs 55.95 on June 20, 2022.
Engineers India Restricted supplies engineering consultancy & EPC providers to shoppers throughout the globe.
The agency stated,“Engineers India Restricted (EIL) has secured an task for offering Proprietor’s Engineer Providers for 30,000 MTPA Polysilicon and 500 MTPA Monosilane Undertaking from M/s Mundra Photo voltaic Know-how Restricted (a bunch firm of M/s Adani Enterprises Ltd.), in one of many area of interest sectors of Polysilicon manufacturing, which is the first element for manufacturing Photovoltaic panels. Conventionally, India has been depending on import of Polysilicon and this is able to be a step in the direction of realising the imaginative and prescient of Atmanirbhar Bharat. This may additionally contribute in the direction of nation’s goal of web zero by 2070.”
