INVESTMENT_PICK
CMP 74.2
Avg on dip if come near 65-60
Stock trying to make base & near
weekly demand area.
Maintains healthy dividend as
well as co is debtfree
Target can be towards 97/116/145+
FUNDAMENTAL VIEW
Engineers India is a Government of India
Enterprise under Ministry of
Petroleum and Natural Gas
ROCE 24.6 %
ROE 16.0 %
Current price is less than the intrinsic value
PE 16.69
INVESTMENT NEEDS PATIENCE (Keep atleast 1 year view)
Note : Don't invest more than 5-7% in particular scrip/sector.
Do your own analysis before investing.
