#NSE0014– Multi-Year (14 Years) Breakout Stock
Engineers India Ltd (EIL) seems to have a diversified portfolio that spans across multiple high-demand sectors. With a market capitalization of ₹13,312 crores and a stock price-to-earnings (P/E) ratio of 25.6, which is noted as the lowest in comparison to its peers, the company appears financially stable and competitively valued in the market.
The current order book stands at ₹7,990.6 crores, with consultancy orders comprising 59% and turnkey project orders comprising 46%.
You noted that from 2010 to 2024, EIL’s stock price fluctuated between ₹63 and ₹210.The breakout above the upper boundary of ₹210, which served as a resistance level, followed by a retest of this level, is a classic bullish technical pattern.
Disclaimer-Not Any Buy or sell recommendations.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
