Engineers India downgraded to hold amid mixed signals
after close1 source ↓written by the desknot a recommendation
- annually
- 4.55%
- stake
- 21.88%
Engineers India Ltd has been downgraded to hold due to mixed technical and valuation signals. The company reported a ROE of 17.8% and ROCE of 29.39%, indicating strong fundamentals. However, long-term growth remains modest, with net sales growing at 4.55% annually over the past five years. Institutional investors hold 21.88% stake, reflecting confidence despite tempered growth prospects.
Not investment advice. For informational purposes only.