Positional Call: Buy Engineers India for an upside of 45%

Rudra Shares And Stock Brokers | Feb. 4, 2019, 12:56 p.m.

Valuation

Considering sizeable growth potential in sector, strong order book, asset-light business model, cash rich, debt free balance sheet, crop up of major orders in pipeline, healthy revenue outlook, consistent dividend payouts, and emerging opportunities in various segments with focus on diversification into various sectors, EIL is available at an attractive valuation amongst its peers. We value stock at as per P/E valuation, the Fair value of share turns around to be Rs. 165 in medium term.



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